Transfer Fees And Taxes , Exactly How Much

[taxexile]

will be purchasing some land on samui in december , and i would like to know exactly what the transfer fees and taxes will be as a percentage of the purchase price.

the land has a chanote title and no buildings on it.

are the fees different depending on whether the land is transferred into a company or a private individual.

thanks for any help.

[Rooo]

will be purchasing some land on samui in december , and i would like to know exactly what the transfer fees and taxes will be as a percentage of the purchase price.

the land has a chanote title and no buildings on it.

are the fees different depending on whether the land is transferred into a company or a private individual.

thanks for any help.

Hi Tax,

Welcome back to Samui???? Transfer fees at the moment are at a minimal rate.From memory since last april I think, for a year ,they are a fraction of what it used to be.Remember the valuation is worked out by the land office & not the actual retail price.The only thing you have to watch out for is the seller's capital gain tax if he owned the land less then 5 years.

[NHJ]

Edit : here's the link : http://www.lepetitjournal.com/content/view/25743/1013/

it's in french so i'll quickly translate the rates :

1) change of owner 0.01% now compared to 2% before.

2) if the owner had the land for less than 5 years 0.11% now compared to 3.3% before.

Edited September 15, 2008 by NHJ

[taxexile]

thanks for those details

Hi Tax,

Welcome back to Samui????

hi rooo..... yes, but for investment purposes only !