Real Estate in Phuket    Tax and duties in Thailand

In this article, we briefly review what taxes and fees need to be paid for registration of purchase of real estate in Thailand, as well as how much it will cost you the current maintenance of the purchased property.

A. When making the acquisition of real estate in Thailand will need to pay the following taxes and fees:

bn218127APARTMENTS
1. When you purchase an apartment in freehold:
1.1. Registration fee – 2% of the appraised value of the apartment.
1.2. Special business tax – 3,3% of the appraised value or the contract price of the apartment, depending on what the price is higher.
Paid only if the object is sold in less than 5 years from the date of purchase.
1.3. Stamp duty – 0,5% of the appraised value or the contract price of the apartment, depending on what the price is higher. Paid only if not paid a special business tax.
1.4. Withholding tax – 1% of the appraised value or the contract price of the apartment, depending on what the price is higher (if the seller is a company), or at the rate of income tax (if the seller – a natural person).

2. When purchasing an apartment for long term rent (leasehold):
2.1. Registration fee – 1% of the appraised value of the apartment.
2.2. Stamp duty – 0,1% of the appraised value or the contract price of the apartment, depending on what the price is higher.

HOUSE AND LAND
1. When purchasing a home ownership (freehold), and land lease (leasehold):
1.1. Registration fee – 2% of the appraised value of the home and 1% of the appraised value of the land.
1.2. Special business tax – 3,3% of the appraised value or the contract price of the house, depending on what the price is higher. Paid, provided that the object is sold in less than 5 years from the date of purchase.
1.3. Stamp duty – 0,5% of the appraised value or the contract price of the house, depending on what the price is higher, and 0.1% of the appraised value or the contract price of the land,
depending on whether the price is higher.
1.4. Withholding tax – 1% of the appraised value or the contract price of the house, depending on what the price is higher (if the seller is a company), or at the rate of income tax (if the seller – a natural person).

2. When you purchase a house and land ownership (freehold) in the Thai company name:
2.1. Registration fee – 2% of the total appraised value of the home and land.
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2.2. Special business tax – 3,3% of the total estimated value of the contract price or house and land, depending on what the price is higher. Paid, provided that the object is sold in less than 5 years from the date of purchase.
2.3. Stamp duty – 0, 5% of the total estimated value of the contract price or the house and land, depending on what the price is higher.
2.4. Withholding tax – 1% of the total estimated value of the contract price or house and land, depending on what the price is higher (if the seller is a company), or at the rate of income tax (if the seller – a natural person).

B. Having issued over the property, you’ll need to pay property tax in the following amounts:

1. Land tax – a few tens of Thai Baht per 1 Rai (1,600 square meters). Typically set every few years when the accumulated amount of the tax reaches a more or less significant amounts.
2. Tax on income from the commercial use of property – is calculated if you rent your property to rent at the rate of 12.5% ​​of the contract or the weighted average rental rates, depending on which rate is higher.

Summary
Налоги и сборы в Таиланде
Article Name
Налоги и сборы в Таиланде
Description
Краткое описание налоговых правил Тайланда в отношении недвижимости, купленной иностранцами. Есть ли налог на недвижимость в Таиланде? Кто платит за регистрацию недвижимости?
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Publisher Name
East West Недвижимость
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