Property taxes in Thailand

Property Taxes in Thailand

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.

Transfer fee	2% of the registered value of the property
Stamp Duty	0.5% of registered value. Only payable if exempt from business tax
Withholding tax	1% of the appraised valuation of the property
Business tax	3.3% of the appraised valuation of the property if selling within a 5 year period. This applies to both individuals and companies.

Which party normally pays Property Taxes in Thailand

TAX	WHICH PARTY NORMALLY PAYS	AMOUNT

Transfer fee	Buyer	2% of registered value
Stamp Duty	Seller	0.5% of registered value
Withholding Tax	Seller	1% of appraised value
Business Tax	Seller	3.3% of appraised value