Transfer Fee Reduced

[Jai Dee]

MOF WILL LOWER TRANSFER FEE FOR 2ND HOUSE BUYERS TO STIMULATE REAL EASTATE BUSINESS

The Ministry of Finance is set to propose to the Cabinet another stimulus measure for real estate business by reducing the transfer fee for second house buyers.

Deputy Finance Minister Chaiyot Sasomsub revealed that he is planning to propose another stimulus measure for the real estate business in the cabinet meeting next week or one week after. Under this measure, the second house purchasers will be granted with a special privilege on the reduction of transfer fee to 0.01% from the previous 2.2%. They will also be exempted from revenue stamp charge, while business tax will be lowered from 3% to only 0.11%.

Referring to the ‘Second Hand House’, Mr. Chaiyot said it is currently held at the Queen Sirikit National Convention Center until tomorrow (September 11th). The fair is jointly hosted by the Finance Ministry, the Government Housing Bank, the Real Estate Business Information Center, the Government Savings Bank, the Bank of Ayutthaya and the real estate business operators.

Source: thaisnews.com ประจำวันเสาร์ที่ 10 กันยายน 2548