January 29, 20224 yr 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?
January 30, 20224 yr 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
January 31, 20224 yr Author 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.
January 31, 20224 yr 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%.
January 31, 20224 yr 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.
January 31, 20224 yr Author 56 minutes ago, BritManToo said: Parents to children is a lot less. I think 0.5%. Something like this i would think also.
February 14, 20224 yr Author 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?
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