Cost for transfer land titles?

[sanook 1]

What are the costs/tax/fees for transfer land titles between family members(thai to thai) in thailand? Do you pay per rai, value of the land or how do they count? 

[Peterw42]

Any transfer/taxes is calculated on either the land office appraised value, or the sale value, whichever is higher. You cant sell a property for 50 baht and pay no tax.

There is a basic 2% transfer fee and .5% stamp duty, some other taxes that may apply in different circumstances, rental property etc.

 

 https://www.samuiforsale.com/knowledge/real-property-transfer-taxes-and-fees.html

[sanook 1]

On 1/30/2022 at 7:57 AM, Peterw42 said:

Any transfer/taxes is calculated on either the land office appraised value, or the sale value, whichever is higher. You cant sell a property for 50 baht and pay no tax.

There is a basic 2% transfer fee and .5% stamp duty, some other taxes that may apply in different circumstances, rental property etc.

 

 https://www.samuiforsale.com/knowledge/

Thanks, This is a gift/inheritance from mother to her children(inside the family). Do you know if the same 2 %apply then? sounds a bit hefty to me. 

[BritManToo]

1 minute ago, sanook 1 said:

Thanks, This is a gift/inheritance from mother to her children(inside the family). Do you know if the same 2 %apply then? sounds a bit hefty to me. 

Parents to children is a lot less.

I think 0.5%.

[Peterw42]

8 minutes ago, sanook 1 said:

Thanks, This is a gift/inheritance from mother to her children(inside the family). Do you know if the same 2 %apply then? sounds a bit hefty to me. 

A big difference between a gift and a genuine inheritance. If mum/dad die and have willed the family home to the children, little to no tax etc. IF mum/dad are still alive and own 10 rental properties, and want to transfer one to a child, then probably the usual taxes.

 

As a side note, there is currently a reduction in the 2% transfer, down to .1% as a covid/ economic stimulus package.

[sanook 1]

56 minutes ago, BritManToo said:

Parents to children is a lot less.

I think 0.5%.

Something like this i would think also. 

[sanook 1]

Was told that the papers need to be in the land office(i guess) for 3 month before any name change can be done. Is this normal procedure or bs?