When purchasing a house in Thailand, you need to consider several fees and taxes, including property transfer fees, specific business tax, stamp duty, and withholding tax (if applicable). Hereโs a brief overview:
1. ๐๐ง๐ค๐ฅ๐๐ง๐ฉ๐ฎ ๐๐ง๐๐ฃ๐จ๐๐๐ง ๐๐๐:
This fee is typically split equally between the buyer and the seller. Itโs calculated based on the propertyโs appraised value and is usually around 2% of the value.
2. ๐๐ฅ๐๐๐๐๐๐ ๐ฝ๐ช๐จ๐๐ฃ๐๐จ๐จ ๐๐๐ญ (๐๐ฝ๐):
If you sell a property within five years of ownership, you may be subject to SBT, typically 3.3% of the appraised value or the actual selling price, whichever is higher. However, if youโre selling your primary residence and have owned it for over five years, youโre exempt from SBT.
3. ๐๐ฉ๐๐ข๐ฅ ๐ฟ๐ช๐ฉ๐ฎ:
This is a tax on legal documents, including property transfers. Itโs typically fixed at 0.5% of the property value or the sale price, whichever is higher. However, if SBT is paid, stamp duty is not applicable.
4. ๐๐๐ฉ๐๐๐ค๐ก๐๐๐ฃ๐ ๐๐๐ญ:
If youโre buying from a seller who is not a Thai resident, you may be required to withhold a certain percentage of the total sale price as withholding tax. The rate is generally fixed at 1% of the sale price or the appraised value, whichever is higher.
These fees and taxes can vary slightly depending on the location and type of property. Itโs advisable to consult with a local lawyer or real estate agent who can provide specific information based on your situation and the property youโre interested in.
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