Thai Cabinet Approves 1-month Extension Of Property Tax Incentives

[webfact]

Cabinet approves tax incentives

By The Nation

The Cabinet today approved the 1-month extension of the property tax incentives to end-June, as the anti-government protest resulted in delayed property transactions in this month.

Transfer fees and mortgage registration fees will remain 0.01 per cent of property value, from normal rate of 2 per cent.

The Cabinet also approved the tax incentives to support financial institutions' mergers during 2010 and 2011, under the Financial Sector Development Master Plan (Phase II). The mergers will be waived from corporate income taxes, special business tax, and stamp duty and value-added tax.

-- The Nation 2010-05-25

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[Thailand]

One month to sell my house and save a few ฿

[gotlost]

One month to sell my house and save a few ฿

You have to have a buyer first.

[Thailand]

One month to sell my house and save a few ฿

You have to have a buyer first.

Every chance with recent events, there must be thousands out there wanting to invest in LOS atm

[dom samui]

yes

[SomTumTiger]

Sure - good idea to give incentives to keep and attract investors. But if you don't deal with the idiots who caused the country to be unattractive in the first place, none of it will matter.

[Guest]

We are not all trying to sell to foreigners. 99% of the housing market is Thai, and that's the market I'm selling to. Not much change in that market, and still buyers out there.

[gemini81]

We are not all trying to sell to foreigners. 99% of the housing market is Thai, and that's the market I'm selling to. Not much change in that market, and still buyers out there.

foreigners can't own property here anyways. Only condos. Or your matriarchal wife haha

[stuandchris]

whoopee do what a differnce that will make.

They just can't get it through their greedy little heads can thay.

[shadiadi]

So now the Government is trying to raise suppport from people who own property makes sense make people who can afford a house get sympathy from them.

Long shot but lame thay arrested 5 % of the redshirt leaders what about the 95% who arranged to send them to Bkk in the first place or did they all come running bcoz someone called them up?? These provincial leaders did not go with them!! The unbrave but clever ones??

Next I hope they start offering free 5 year tourist VISA's lol note i said tourist not terrorist

Edited May 25, 2010 by shadiadi

[Thailand]

We are not all trying to sell to foreigners. 99% of the housing market is Thai, and that's the market I'm selling to. Not much change in that market, and still buyers out there.

I have no bias, I will sell to anyone - but no rush as we are simply downsizing and will be buying again-in Thailand.

[ESB7]

One month to sell my house and save a few ฿

You have to have a buyer first.

Every chance with recent events, there must be thousands out there wanting to invest in LOS atm

65 Million Thais!!!, thats where most go wrong by marketing to foreigners that dont exist. Market the domestic arena and plenty of buyers for properties that are independant of gated communities. Sold mine no problem.