Thailand buy home -- JFTB Phuket-- Thailand sale villa -- Thailand buy condo
When selling a realty 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 Realty 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.
- Rental incomes: the tax rate is 12.5% of actual or assessed annual rental value of the real estate.
If you want to know how foreigners can own property in Thailand, please read this article: Thailand buying Property guide for foreigners
