Transfer Tax

[twix38]

I am selling my Condo for 1,325,000 in Pattaya. Owned for 3 years.

How much should the transfer tax be and/or percentage rate charged, please?

Thanks (I will pay 50/50 with buyer)

[spacebass]

I am selling my Condo for 1,325,000 in Pattaya. Owned for 3 years.

How much should the transfer tax be and/or percentage rate charged, please?

Thanks (I will pay 50/50 with buyer)

<{POST_SNAPBACK}>

I recently came across the formula for working out the 'less than 5 years ownership tax' I can't relocate it but I worked out at the time for a 2.1mil property the tax would be around 31,000baht.

[Tornado]

I am selling my Condo for 1,325,000 in Pattaya. Owned for 3 years.

How much should the transfer tax be and/or percentage rate charged, please?

Thanks (I will pay 50/50 with buyer)

<{POST_SNAPBACK}>

sea view?, if so send me info via PM. cheers.

[twix38]

Spacebass,

Just to check, that is 31,000 Baht, already halved to be the 50% (i.e. the full Tax would have been 62,000)?

If you find the formula, please advise and thanks very much for this info.

How long had you owned, as I have for 3 years and this factor may have a small or large bearing on the final tax figure?

As a guess I will assume at 3 years and 1,325,000 that my tax would also be in the 30,000 to 35,000 range at 50%.

Thanks a lot

[monty]

7% on the amount the land & house department values your condo...

Just sold a unit for 1.2 million, but put only 600000 on the contract. Land and house taxed me on 650000, working out to 46000 Baht (45500 + some duty stamps)

50/50 worked out at 23000 Baht each...

Edited July 3, 2005 by monty