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Property Taxes in Thailand

     An issue related to price is taxes, the bulk of which the seller usually pays.

     The first tax is the transfer fee which is 2% of the appraisal value as determined by the Lands Department.

     The second tax depends on how long you have held the property. If you have held it for fewer than five years you pay specific business tax at 3.3% of the valuation price. If it’s more than five years you pay stamp duty which is 0.5% of the selling price.

     The third tax is withholding tax and the formula. It typically amounts to between 1% and 1.5% of the selling price.

     Aside from these three taxes there is the 3% agent’s fee plus 7% value-added tax.


 
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