Home sale

[DUNROAMIN]

Hi to all, we are relocating to another province. Has anybody had experience in selling a house in Thailand? What taxes have to be paid and by whom. Seems to be a lot of conflicting info on the web. If anybody can point me to a good web site that explains the step by step process of selling a house in Thailand. We have owned the house since 2560. House and land in wife's name.

Cheers

[Peterw42]

The taxes are below, but many variables, if property was rented out, how long property has been owned etc. There is no real step by step process other than both parties go to the land office together, money, fees, taxes changes hand and property is transferred.

 

• Transfer Fee 2% over the appraised value of the property
• Business Tax 3.3% over the registered (sale) value or appraised value (whichever is higher)
• Stamp Duty 0.5% over the registered value
• Withholding tax;
  • if the seller is a company withholding tax is fixed at 1% over the registered sale value or appraised value (whichever is higher)
  • if the seller is a private person withholding tax is calculated at a progressive rate based on the appraised value of the property 
•  

• Specific Business Tax	: the seller's duty
  Stamp duty	: the seller's duty
  Transfer fees	: the buyer's duty or shared
  Withholding tax	: always the seller's duty

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

Edited March 30, 2022 by Peterw42