Thai Property Taxes and Land Transfer Fees

There is a property sales tax of 0.11% of assessed value or the sale price,
whichever is higher, as well as a transfer fee of 0.01% of the assessed value
of the land. Also a stamp fee of 0.5% of the assessed value or the sale price
- again whichever is higher.

- The seller has owned the property for at least five years.
- The seller received the property as an inheritance.
- The seller has used the property as his primary residence
..for at least one year prior to the sale.

Once you have acquired the property, you must pay property taxes on it.
If you rent out the property, the tax is 12.5% per year on the annual rental
revenue. (Which is why so many local rentors want the lessee to pay tax for
them, as they don't want to lose 12.5% of their revenue.)

There is also a tax on non-rental property. This depends on location and land
classification, and varies from 0.25% to 0.95% a year.

In addition, if the house is purchased through a company, one has to bear in
mind that corporate tax is higher than personal tax, and the cost of setting
up the company has to be considered as part of the initial investment outlay,
even if this is a relatively modest additional cost - perhaps around ,000 all
told.

Then, when you want to sell the property, it is simply a matter of transferring
the shares of the holding company to the buyer, without the necessity of re-
registering the land titles. There are of course costs and fees involved in this
exercise, but typically only a few thousand Baht all told. Again, get a
professional business representative or lawyer to do it all for you.