Condo Swap

[sucher]

Hi all
A Friend of mine and me thinking about swapping Condos. What Kind of Fees at the Land Office do we have to deal with ?

[Peterw42]

The land office would treat it as two sales, with the usual 2.5 % fees on what they say the properties are worth. 

 

Edited June 3, 2021 by Peterw42

[soi3eddie]

59 minutes ago, Peterw42 said:

The land office would treat it as two sales, with the usual 2.5 % fees on what they say the properties are worth. 

 

 

The land office would use "appraised value" rather than any previous or perceived sale value. In my experience the appraised value was less than the purchase price of condo (and land in my ex-wife's case). Also, take advice on satisfying the land department regarding the source of "funds" i.e was the original money from overseas or not if titles are being transferred between or to foreigners? It is not as simple as changing names on title deeds even if no money changing hands. A real estate agent or property lawyer may be very helpful.

 

Edited June 3, 2021 by soi3eddie

[scubascuba3]

Depends how long you've held the properties for, less than 5 years the tax is higher

[sucher]

Any specialized Property Lawyer in Pattaya you Guys could recommend ?