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Cabinet Ends Tax Incentives For Property Sector

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Cabinet ends tax incentives for property sector

BANGKOK: -- The cabinet on Tuesday resolved not to extend tax incentives for the Thai property sector, which will end this March 28, Deputy Finance Minister Pradit Phataraprasit said on Tuesday.

Even without the tax incentives, the property sector is expected to grow, according to Pradit.

As for the cost of living relief measures which will end this March, the Cabinet has decided to extend until the end of this June.

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-- The Nation 2010-02-23

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What exactly does this mean for us farangs? If we buy/sell a property do we now have to pay tax???

Of course.

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