When you buy property in Thailand you need to know who will pay which taxes and also what each tax is going to be. The government has percentage based taxes and are listed below. Speak to a property attorney today about is required when a property transfer takes place in Thailand.
Here is the basic breakdown of the transaction:
Property Transfer Fees:
| Transfer Fees | 2.0% over the appraised value of the property |
| Business Taxes | 3.3% over the sale value or appraised value (whichever price is higher) |
| Stamp Duty | 0.5% over the registered value of the property |
| Withholding Tax |
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Stamp Duty & Specific Business Taxes:
| Stamp Duty | Is not charged when Specific Business Tax is charged. |
| Business Tax | Consist of 3% Thai business tax + Municipal tax of 10% of the SBT (total tax 3.3%) |
| If the seller is an individual the SBT does not have to be paid under the following conditions: |
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Who pays what in the Transfer:
| Specific Business Tax | The seller’s duty |
| Stamp duty | The seller’s duty |
| Transfer fees | The buyer’s duty or shared |
| Withholding tax | Always the seller’s duty |