What fees, taxes and costs are applicable to purchase a property?
Whenever a property in Thailand is bought and sold, these are taxes that need to be taken into account. Tax on purchasing of properties: • Ownership Transfer feeis paid to Land Department Office, the transfer fee normal rate is 2% of government appraised value or selling price depends on different cases. • Duty stamps feeis paid to Land Department at 0.5% of the government appraised value or the selling price, depends on whichever is higher. * In case of duty stamps fee are following: – The seller has owned the property for at least 5 years. – The seller has used the property as his primary residence for at least 1 year prior to the sale. – The seller received the property as an inheritance. • Specific Business Taxof 3.3% of the government appraised value or the selling price, depends on whichever is higher, this will be applied to all sales by company and to any private sales that occur within 5 years after the date of purchase and the seller has not used the property as his primary r
