Land Transfer Charges

[meuok]

Can any reader refer me to a clear website (or anything on Thai visa), that gives the current calculations for the fee payable at the land office for transfering land? On a 2 rai plot that hasn'tbeen sold or transfered for over 7 years, on a declared price of 900,000, is 60000 about right?

[Crossy]

Start here http://www.siam-legal.com/realestate/thailand-property-taxes.php

[JeffreyMcCollum]

Should be about 2%

[kimmy]

I think the answer depends if the seller is an individual or company and the assessed value of the land.

All together taking some info from the web and revenue department: income withholding tax for an individual, say 20,000 baht, transfer fee 2% assessed government value 18,000 baht, 0,005% stamp duty 4,500 baht. All together maybe around 40,000 baht?

60,000 is maybe a bit high or the assessed value is higher than the sale value?

[rocketmanbkk]

I'll ask a question of which I may get shot down for!!!!!

How does the land office know when the land was last transferred? I know that in the UK we have HM Land Reg.

Also, sorry not trying to hijack the thread, if you sell a house for say 5 million where the land is worth say 1.5 million, how are the taxes worked out if the house has been built and owned by the same Thai person for 5 years?

Regards

I think the answer depends if the seller is an individual or company and the assessed value of the land.

All together taking some info from the web and revenue department: income withholding tax for an individual, say 20,000 baht, transfer fee 2% assessed government value 18,000 baht, 0,005% stamp duty 4,500 baht. All together maybe around 40,000 baht?

60,000 is maybe a bit high or the assessed value is higher than the sale value?

[simon43]

Slightly OT, but what fees are involved if someone is leasing the land, and that lease is registered at the land office?

I will soon lease some Chanote land for a period of 15 years, in order to build/manage a small resort. I did this previously some years ago, but cannot recall exactly what amount of fees I (my ex) paid. Indeed, these fees/rules may have changed over the years.

So, any pointers to information about fees involved when leasing land, (and any risks etc to watch out for!) - thanks

Simon