Thailand real estate taxes

Thailand real estate taxes

 Photo Thailand real estate taxes
Thailand Property Taxes applicable concerning the Sale of Condos, Villas, Houses, Buildings and Lands
Properties for Sale in Thailand

Please find below an overview of property taxes in Thailand and how they are calculated. Do not hesitate to consult a lawyer specialized in real estate law concerning the taxes applicable to real estate.
Many homeowners who have invested in property in Thailand ignore the tax laws resulting from the sale of their property.
The following is a summary of real estate taxes in Thailand.

Fees for the transfer of ownership for Thai properties. Taxes and transfer fees are generally shared between the seller and the buyer, but this must be agreed upon by both parties before the transaction.

When selling a property in Thailand, there are 4 main taxes

1) Transfer fee is based on the estimated value of the property: 2% of the land office appraised on the value of the property.

2) Specific Business Tax is 3.3% of the transaction value of the property. This tax is due if the property has been owned for less than 5 years or if the property has been registered as a principal residence and if its name appears in the household registration certificate for at least 1 year.

3) Stamp duty is 0.5% of the value of the property and it has be paid only when the Specific Business Tax is not applicable and is based on the official value at appraisal or the contracted price.

4) Withholding tax

if the seller is a corporation, the withholding tax is 1%  on the transaction value of the property.

If the seller is an individual, the tax is based on its marginal tax rate

Other  tax: For leasehold, there is a registration fee of 1%  and a stamp duty of 0.1% of the total lease amount .

Property Taxation: Building and Land Tax is imposed on the owners of a house, building, structure and/or land except for the first residential place. The tax rate is 12.5% of actual or assessed annual rental value of the property.


If you want to know how foreigners can own property in Thailand, please read this article: Thailand buying Property guide for foreigners -- JFTB Real Estate Phuket

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