imjustagirl Posted August 25, 2008 Share Posted August 25, 2008 does anyone know what the land transfer tax rate is for a small plot of land worth 400,000 baht from an individual to a company? I am sure i read somewhere that it has been reduced from 3% to 0.01%? thanks in advance Link to comment Share on other sites More sharing options...
sweetchariot Posted August 25, 2008 Share Posted August 25, 2008 You are correct, the land transfer tax has been reduced to 0.01% to try and boost the ailing housing market. You will also be liable for 0.5% stamp duty, and if the vendor has held the land for less than 5 years they will be liable for 0.11% business tax (which they may try to offload onto you). Link to comment Share on other sites More sharing options...
Rob5060 Posted October 30, 2008 Share Posted October 30, 2008 You are correct, the land transfer tax has been reduced to 0.01% to try and boost the ailing housing market. You will also be liable for 0.5% stamp duty, and if the vendor has held the land for less than 5 years they will be liable for 0.11% business tax (which they may try to offload onto you). The reduction in land transfer tax I think was just for 12 months . Anybody know if thats right or when it ends Cheers Link to comment Share on other sites More sharing options...
jimmybkk Posted October 30, 2008 Share Posted October 30, 2008 End of March '09 I think, but many seem to believe they'll extend it. Link to comment Share on other sites More sharing options...
LennyW Posted October 30, 2008 Share Posted October 30, 2008 End of March is correct at the moment, and yes it is rumoured to be extended. The actual price you will be charged is based on the Land office valuation of the land - (which is usually significantly lower) not the price you are paying for it. Link to comment Share on other sites More sharing options...
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