April 18, 200718 yr Hi , I am a little (a lot) confuse about the tax and transfer fees in the land office. If I own a property for only 1 year. sell 1.5 million baht. How much the tax I will need to pay? How much the transfer fee from me to the new owner?*I rerad have some deducation system but couldnt figure it out clearly anough to be sure. Many thanks.
April 18, 200718 yr "How much the tax I will need to pay?" The tax you pay depends upon how much profit you make from the sale, not unlike the US, the UK, Australia...
April 19, 200718 yr Author bought 1.2 (exclude transfer fee). sell 1.5. How much will it cost the tax and transfer? Own it 1 year only.
April 19, 200718 yr As far as I know, the taxes and transfer fees are based on the estimated price decided by the Lands department. So I will assume that as you bought and sold at approx 1.3 million Baht....that a very rough guess on the estimated price will be approx 600,000 Baht. And the tax on that will be about 40,000 baht. Business tax :20,000 baht. Withholding Tax:5,000 Baht. Transfer Fees: 15,000 Baht. Hope this helps
April 19, 200718 yr Author Thanks Nitram, but I would like to know how u ceculate these numbers. what precent from what ? What is the exact system to ceculate it ?
April 20, 200718 yr Here ya go, see my reply in this thread: http://www.thaivisa.com/forum/index.php?showtopic=116745
April 20, 200718 yr There are a couple of web sites that I have seen that either explain how the taxes work or work out the taxes for you. http://www.acuterealty.com/calculator.asp http://www.p-property.com/transfer_fees.html
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