Property Transfer Fees & Taxes

ThailandPropertyTaxes

Do not pay more Property fees or Thai taxes than necessary.

 

Transfer fees and taxes of immovable property:

LAND/OFFICE transfer tax of immovable property (land, house or condominium)

  • Transfer Fee 2% over the appraised value of the property
  • Business Tax 3.3% over the registered (sale) value or appraised value (whichever is higher)
  • Stamp Duty 0.5% on the registered value
  • Withholding tax;
    • if the seller is a company withholding tax is fixed at 1% over the registered sale value or appraised value (whichever is higher)
    • if the seller is a private person withholding tax is calculated at a progressive rate based on the appraised value of the property

* Note on stamp duty and specific business tax (SBT):

  • Stamp duty is exempt if a Specific Business Tax is charged.
  • Business tax consist of 3% business tax + a municipal tax of 10% assessed on the amount of the specific business tax (total tax 3.3%).
  • If the seller is an individual (not a company) Specific Business Tax does not have to be paid if:
    • The seller has possessed the property more than five years before the transfer (the transferred real property has been used as the principal place of residence, and the seller’s name appeared in the house register for not less than one year from the date of acquiring such property).
    • The seller transfers the real property to the legal heir or an heir by a will.
    • The seller transfers the real property to a legitimate child, but not including an adopted child.
    • The seller transfers the real property without consideration to government agencies.
    • The seller transfers the real property without consideration to temples, churches or mosques.

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