General Information

Title Deeds

Land Measurements

Taxes on land / property purchases

Foreign ownership of land

Leases, Usufructs & Superficies

How to buy land/property (Koh Chang specific)

How to lease land/property ( Koh Chang specific)

Useful links

Thaivisa Discussion Forum  - Information and news from Thailand's largest online expat community.

Sunbeltasia.com - Visit the site or email Sunbelt's legal team direct with questions regarding setting up a company in Thailand.

Tax Expenses Due on the Sale & Transfer of Immovable Property

The transfer of an immovable property, including the purchase of land or  land with building is subject to the following costs and taxes.

1. Transfer Fee

The transfer fee is usually collected at the rate of 2% of the appraised value of property by the Land Department.

2. Stamp Duty

Stamp duty shall be collected at the rate of 0.5% of the actual purchase price or the appraised value of the Land Department, whichever is the higher.

3. Withholding Tax

Withholding tax is a tax payable by the seller of an immovable property to the Land Department immediately at the occurrence of purchase. The collection of withholding tax can be divided into 2 cases as follows:

Withholding Personal Income Tax: The computation shall be based on the appraised value of the Land Department.

Withholding Corporate Income Tax: The computation shall be based on the appraised value or the actual purchase price, whichever is the higher. The rate used is currently 1%

4. Specific Business Tax

Specific business tax shall be collected from the sale of immovable property for trade or profit purposes at the rate of 3.3% of the appraised value or the actual purchase price, whichever is the higher.

Sale of immovable property subject to specific business tax:  

1. The sale of land subdivision which is registered under the regulations regarding the land subdivision.

2. The sale of a building which is constructed for sale or indicated as constructed for sale, including the sale of land where the building e.g. shophouses, commercial building, house or townhouse, is situated whether or not the sales are made separately.

3. The sale of the immovable property that does not fall within the descriptions of 1, 2, or 3 but is a land plot in the same manner as statutory land subdivision, the sale of a condominium or the sale of divided building, or the sale of the property without being divided, but clearly could be divided after sale.

4. The sale of immovable property, which is used for conducting business, in order to move to a new location, except for the sale of land used for agriculture but not including the building on such land, e.g. the sale of a field for growing rice, crop or plant.

5. The sale of the immovable property that does not fall within the descriptions of 1-5 but is made within 5 years from the date of acquisition of such immovable property.

5. Local Development Tax

The local development tax shall be collected from the possession of the landowner on land only in accordance with the Local Development Tax Act B.E. 2508 as follows:

1. The Land owner who possesses the land as at the 1st of January each year shall have the duty to pay the local development tax at the rate computed on the medium value of the land of the year concerned according to rate prescribed by the government agency pursuant to the law.

2. The medium value of the land is appraised on the last purchase price in good faith of lands in the same area of not less than 3 previous purchases within the period not exceeding 1 year before the date of appraisal, which shall then be averaged to obtain the medium value of the land without taking into account the value of the building and structure.

Tax Summary:  
 

The above taxes are typically calculated on the Lands Department appraised value or the sale price whichever is higher.