When registering a real estate transaction with the Land Department, the following taxes and fees are paid separately and at established rates: Taxes and Fees on Real Estate Transactions 1. Transfer Fee 2. Specific Business Tax 3. Stamp Duty 4. Withholding Tax If the seller is a company: If the seller is an individual: Property …
Real estate in Thailand is generally divided into three categories: condominiums, buildings, and land plots. Each has its own ownership specifics, especially for foreign nationals. Condominium A condominium is a residential complex consisting of private property (an apartment unit) and common property (green areas, swimming pools, and other shared facilities). Each unit has its own …
Infrastructure in major cities of Thailand continues to develop, and urban populations are also growing. Accordingly, alongside residential real estate, investment in commercial properties is becoming increasingly relevant. A well-calculated selection of commercial real estate can generate higher income than residential property. In addition to rental income, commercial property in Thailand can also be used …
According to the Thai Revenue Code, a tax resident is a Thai national or a foreigner who resides in Thailand for more than 183 calendar days within a calendar year. However, for a foreigner to file taxes as a tax resident, it is mandatory to obtain a Tax Identification Number. This requires confirmation of a …
In Thailand, along with purchasing a condominium in full ownership (freehold), long-term lease agreements (leasehold) are also widely used. Both methods are actively applied in real estate transactions, but they are governed by different laws and have different legal implications. What is Freehold? Freehold is the purchase of a condominium in full ownership. A sale …
