Are there taxes to be paid while owning property in Thailand?
There are no property taxes that could be compared to the property taxes in the West. However, comparable taxes on properties in Thailand would be the Land Tax and the Building Usage Tax. The Land Tax levied on land is so low, that in reality the body charged to collect it, rarely bothers to do so, and if it does, it usually waits several years until the amount accumulates. The other tax, the Building Usage Tax, relates only to buildings and is collected by the municipal office or district office. It is only applied to properties used for commercial purposes.
Related Questions
- If no Adequate Facilities Taxes or Impact Fees have been paid on a particular piece of property, does the owner still need to prepare a statement disclosing that no such taxes or fees have been paid?
- How do I find out if Adequate Facilities Taxes or Impact Fees have been paid on a particular piece of property?
- What types of taxes must be paid when purchasing land or property in Thailand?
