𝗙𝗲𝗲𝘀 𝗮𝗻𝗱 𝘁𝗮𝘅𝗲𝘀 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗽𝗮𝘆 𝘄𝗵𝗲𝗻 𝗯𝘂𝘆𝗶𝗻𝗴 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗶𝗻 𝗧𝗵𝗮𝗶𝗹𝗮𝗻𝗱

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). Here’s a brief overview:

1. 𝙋𝙧𝙤𝙥𝙚𝙧𝙩𝙮 𝙏𝙧𝙖𝙣𝙨𝙛𝙚𝙧 𝙁𝙚𝙚:

This fee is typically split equally between the buyer and the seller. It’s calculated based on the property’s appraised value and is usually around 2% of the value.

2. 𝙎𝙥𝙚𝙘𝙞𝙛𝙞𝙘 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙏𝙖𝙭 (𝙎𝘽𝙏):

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 you’re selling your primary residence and have owned it for over five years, you’re exempt from SBT.

3. 𝙎𝙩𝙖𝙢𝙥 𝘿𝙪𝙩𝙮:

This is a tax on legal documents, including property transfers. It’s 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. 𝙒𝙞𝙩𝙝𝙝𝙤𝙡𝙙𝙞𝙣𝙜 𝙏𝙖𝙭:

If you’re 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. It’s advisable to consult with a local lawyer or real estate agent who can provide specific information based on your situation and the property you’re interested in.

Let us work for you with your real estate needs