Property Taxes When Buying and Selling Condominiums in Thailand

When buying or selling a condominium in Thailand, several taxes and fees may apply. Below is an overview of the key costs involved in property transactions in Bangkok and across Thailand.

  1. Transfer Fee（2% of the government appraised value (Land Department valuation)）
  2. Stamp Duty（0.5% of the higher of the selling price or the government appraised value）
  3. Business Tax(BT) (3.3% of the higher of the selling price or the government appraised value)
    ・This tax applies if the property is sold within 5 years of ownership
    ・There are certain conditions under which BT may be exempt after 1 year of ownership
    ・If BT applies, stamp duty is not payable,If BT does not apply, stamp duty will be charged instead
  4. Withholding Tax　（Calculated based on the government appraised value and the number of years of ownership.
    The tax rate increases progressively with longer holding periods, capped at 10 years）

Corporate Ownership Considerations

    • If the property is owned under a company name, Specific Business Tax applies regardless of the holding period

    • Taxes on corporate-owned properties are generally higher than those for individually owned properties

    • The tax amount is not affected by whether the buyer is an individual or a company

Tax Payment Responsibilities

In most cases:

  • The transfer fee (2%) is shared equally between buyer and seller

  • Other taxes are typically paid by the seller

However, these terms are negotiable and should be agreed upon before signing the contract

Leasehold Properties

  • For leasehold transactions, only a transfer registration fee of 1.1% of the higher of the selling price or the government appraised value applies

Land and Building Tax (Introduced in 2020)

  • For owner-occupied residential properties registered under the house registration (Tabien Baan), properties with an appraised value of up to THB 50 million are exempt from tax. Tax rates range from 0.02% to 0.05%.
    For commercial properties, tax rates range from 0.3% to 0.7%.
    Please note that these tax rates are subject to change as they are temporary measures.
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