Land Transfer/Development Terminology

[cheeryble]

Hi!

I will be going through this in the coming days and would like to add to my vocab. I know a couple of the terms but would like to see them written in Thai (if possible but phonetic better than nothing) to help memorise properly. Here's a start to do with transfer taxes. Obviously I don't need it translated in full, and I can guess at some such as business tax, but why guess can we do the terms I've bolded.....

Transfer fee of 2 percent (%) over the appraised value (as opposed to registered sale value) of the immovable property at the Land Department

Specific Business Tax is charged over the appraised land office value or actual sale price (whichever is higher). The Tax rate is 3,3% and consist out of an actual 3% Business Tax + a local maintenance tax of 10% over the amount of business tax. The property transfer is not subject to business Tax if the seller is an individual and has possessed the property for more than five years before the transfer. Companies generally must pay business Tax irrespective the period of ownership, however some specific companies are exempt from Specific Business tax.

Stamp Duty is charged at a rate of 0,5% over the government appraised value or actual registered sale price (whichever is higher) has to be paid if the sale is not subject to Specific Business tax. In case Specific Business Tax and Stamp Duty has been paid to the Land Department, the seller has the right to claim for the refund of this amount within 6 months after the payment.

Withholding Tax for individuals depend if the immovable property is acquired by inheritance or gift or if the sale and purchase of the property has a trade or profit seeking purpose or not. Withholding Personal Income Tax income shall be calculated at progressive rate with a deduction depending on the number of years of possession or if the seller is a company (but there are specific reductions or exemptions).

Withholding Tax for companies is fixed at a rate of 1% over the registered sale value.

thanks!

Edited February 15, 2011 by cheeryble

[cheeryble]

In case it's a bit daunting, even one or two terms in Thai would help!

[Rikker]

Not my area at all, but I know some:

withholding tax = ภาษีหัก ณ ที่จ่าย (if you were to specify a type of tax, you would insert it between ภาษี and หัก, e.g. ภาษีเงินได้หัก ณ ที่จ่าย "income tax withholding")

fee is ค่าธรรมเนียม, so (land) transfer fee would be ค่าธรรมเนียมการโอน(ที่ดิน), or perhaps just ค่าโอน(ที่ดิน).

immovable property (a.k.a. real estate) = อสังหาริมทรัพย์

tax rate would be อัตราภาษี

(tax) deduction = ลดหย่อน(ภาษี) or ค่าลดหย่อน(ภาษี)

I don't know the rest. They're technical terms, so one can try to Google them and such, but some resourcefulness is required to find the precise terminology.

[cheeryble]

That's great thanx v much Rikker.....

Stay tuned I may come back for some more to do with development in the next day or so

thanks again

Cheeryble