Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
What taxes do I pay when buying property in Thailand?
Transfer fee (2%), withholding tax (1%), stamp duty (0.5%) or specific business tax (3.3%), plus possible income tax depending on seller status. Costs are typically split between buyer and seller.
Detailed Answer
Property transfer taxes and fees in Thailand: **Fees at the Land Office:** 1. **Transfer fee:** 2% of appraised value (often split 50/50 between buyer and seller) 2. **Stamp duty:** 0.5% of appraised or actual value (whichever is higher) — OR — 3. **Specific business tax:** 3.3% if the seller has owned the property less than 5 years (replaces stamp duty) 4. **Withholding tax:** 1% for companies; for individuals, calculated on a progressive scale based on appraised value and years of ownership **Common cost-splitting arrangements:** - Transfer fee: Split 50/50 - Stamp duty/SBT: Seller pays - Withholding tax: Seller pays - This is negotiable — always clarify in the sale contract **Additional costs:** Lawyer fees (THB 30,000-100,000), agent commission (typically 3-5% paid by seller), due diligence fees, and mortgage registration fee (1% if applicable).
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