Property Tax Thailand - Property Tax information Thailand - Land and Real Estate in Krabi area
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Thailand Property Tax

Property tax (or tax relating to real estate transactions), so long as a property is being used for private residential purpose, do not apply. However, upon ownership transfer, there are costs.
These fall into four following potential categories:
  • transfer fee 2%
  • specific business tax 3.3% (If the land's owner transfers within 5 years)
  • duty stamp 0.5%
  • income tax ( to be withheld at source, the seller of real estate has an obligation
    to pay this tax with a progressive rate as stated by the Revenue Department).
    However, If a company or a limited partnership is transferor of the real estate, it has to pay a withholding tax 1 % of the selling price or estimated price of the Land Department, whichever higher.
    This payment is considered as a tax credit for the company's annual tax filling .


In practice costs above, except income tax, will be split in some degree between the buyer and seller, depending on negotiation

.Learn more about

How to buy property

Foreign Ownership over the Land in Thailand

Buying a apartment or condominium

Property Tax in Thailand

Thailand Land Titles

Thailand Measurement of Land