bkk23234 Posted May 8, 2019 Posted May 8, 2019 Unfortunately I pay quite a lot of tax here in Thailand for few benefits. I came across an article that states you can claim up to 200,000 baht in tax deductions for mortgage payments? Is this just for the interest or the whole amount? Lastly as I can't get a mortgage as I'm not Thai can I be a guarantor who pays the mortgage and claim this deduction? My wife has already been offered a mortgage with me as guarantor however we didn't take it up, but on a 15k mortgage payment a month I would basically be paying this 'for free' out of tax deduction if it were the full amount. If it were just interest then it would still be a good option. Anyone know about this?
bbz404 Posted May 8, 2019 Posted May 8, 2019 My RD said no. And based on your post, I'm not sure you know what a deduction is and how it affects your tax liability.
ballbreaker Posted May 9, 2019 Posted May 9, 2019 Its on the interest amount only. If filing joint return I would think you could take deduction. Down load booklet for Thai tax 2018 from link below. https://www.pwc.com/th/en/tax/thai-tax-booklet-2018.html
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