Property Taxes

The transfer fee for buy or sell properties in Thailand

Here are the basic fees for when you either purchase or sell properties at the Thai Land Department Office.

Transfer fee - This is 2% of the appraised value of the property. The appraised value is calculated by the officer at the Land Office. It is dependent on the Sale and Purchase agreement, and in most cases, the buyers will also partly pay for this fee.

Specific Business Tax - This is 3.3% of the registered sale value reported to the land office or the appraised value, whichever is the highest. Specific Business Tax is exempt from various conditions. For example, the Land Department will consider if the seller has bought the property for more than 5 years and not more than 10 years or if the property is being used as the seller’s residence for more than 1 year.

Stamp Duty - This is 0.5% of the registered value, however, Stamp Duty is exempt if the seller is subject to Specific Business Tax.

Withholding tax - If the seller is a company, the fee is 1% of the registered sale value of the property. However, if the seller is an individual withholding tax is calculated at a progressive rate based on the appraisal value of the property.