Property taxes in Thailand
Property Taxes in Thailand
Note: As of 2nd November 2019 – 24th December 2020 the Government has announced a reduction in transfer fees from 2% to 0.01% for properties with a registered value below 3 million baht. Further announcements to come regarding further incentives for property buyers!
Property Taxes in Thailand are for the most part similar to what is found in other countries. The calculations for some of the taxes can become quite complicated so for an exact calculation you should contact your local Government land office.
Please note business tax is only applicable if the property has been owned for less than 5 years. This tax is an attempt to deter property speculation in Thailand.
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Transfer fee
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2% of the registered value of the property
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Stamp Duty
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0.5% of registered value. Only payable if exempt from business tax
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Withholding tax
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1% of the appraised valuation of the property
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Business tax
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3.3% of the appraised valuation of the property if selling within a 5 year period. This applies to both individuals and companies.
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Which party normally pays Property Taxes in Thailand
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TAX
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WHICH PARTY NORMALLY PAYS
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AMOUNT
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Transfer fee
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Buyer
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2% of registered value
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Stamp Duty
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Seller
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0.5% of registered value
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Withholding Tax
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Seller
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1% of appraised value
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Business Tax
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Seller
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3.3% of appraised value
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