Tax on rentals ...does this seem right ?

[worgeordie]

Today the wife went to the tax office to register to pay tax on two

rental properties , She said the man behind the counter said you

don't pay tax on rentals ,as long as it's not a company renting the

property.

 

This does not seem right to me , I said you should have gotten that

in writing ,surely you have to pay income tax on rental properties .

 

First time in 35 years we have to pay land tax ? , don't know what they

call it , but very little money 600 Baht ,400 Baht ,and 230 Baht  on the

3 houses we have in this area ,  taxes are something the government

are looking to collect as much as possible, land tax, tax on bringing money

into Thailand ,VAT on all parcels whatever value,and just on here today,

there is a delay in tax returns as the are checking them more closely .....

 

regards worgeordie

 

 

[FritsSikkink]

Personal income tax: 

 

5) income from letting of property and from breaches of contracts, installment sales or hire-purchase contracts;

 

Personal Income Tax | The Revenue Department (English Site) (rd.go.th)

[worgeordie]

OK got it sorted , pay tax next year ....

 

regards worgeordie