Property Costs & Taxes

Thai transfer transactions can involve registration fees, withholding tax, specific business tax or stamp duty depending on the property, seller and holding period. The commercial agreement may allocate costs differently from the legal person liable. Obtain a written completion statement based on the actual title and parties shortly before transfer, because rates, assessed values and facts matter. This is general educational information, not legal, tax or …

Withholding tax may be collected at transfer and is calculated differently depending on whether the seller is an individual or juristic person and on the relevant official values and facts. It should not be estimated from a generic percentage alone. The Revenue Department provides tax rules and calculators, but the transaction lawyer or accountant should prepare the calculation for the specific seller. This is general educational information, not legal, ta…

Specific business tax can apply to certain sales of immovable property treated as commercial or profitable, subject to exemptions and fact-specific rules. If it does not apply, stamp duty may be relevant instead. The seller’s acquisition date, use and legal status can affect the result. Obtain a current calculation before agreeing how costs will be shared. This is general educational information, not legal, tax or financial advice. Property structures, tax…

The Revenue Department’s stamp-duty schedule includes leases of land and buildings. The amount depends on rent, key money and lease period, and the responsible party should be identified. Registration fees and other taxes can also arise. A long lease should be reviewed and costed as a complete transaction rather than treating stamp duty as the only expense. This is general educational information, not legal, tax or financial advice. Property structures, ta…

Budget for land and building tax where applicable, insurance, utilities, internet, security, common or management fees, pool care, garden care, air-conditioning service, pest prevention, repairs and periodic repainting or roof work. Rental owners also need cleaning, linen, guest support, commissions, accounting and tax. Ask for real historical bills rather than using a seller’s round-number estimate. This is general educational information, not legal, tax …