Transfer Fees On Land

[Aroon]

Is there any one out there that would know approx how much you would pay in transfer fees on about 1 rai of land and the price of the land is 350.000 thb. Near Yasothon.

Cheers

Aroon

[luap]

2 months ago, Wife and I brought 13 rai with small house (brick and tiled),16km's outside Shikou (50km's south of Korat) for 1.6 mil.

We disclosed the purchase price as 450,000 and paid 44,500 approx 10% - what a rip off, sure that was farang price

Also paid 6,500 for a government surveyor, but have to wait till Feburary next year to get it done. Offered more money to get it done quick " no can do" what no corruption

luap

[Aroon]

Hi Luap,

Thanks for the info, 10% wow, its like being back in Oz.

Aroon

[pianoman]

Here is a breakdown of the Taxes due at the time of Sale... Who pays what (Buyer / Seller) can be negociated, but usually 50/50...

THAILAND PROPERTY TAXES

Transfer fee 2% of the registered value of the property

Stamp Duty 0.5% of registered value. Only payable if exempt from business tax

Withholding tax 1% of the appraised value of the property

Business tax 3.3% of the appraised value of the property if selling within 5 years. This applies to both individuals and companies

Pianoman

Edited September 30, 2011 by pianoman

[Aroon]

Thanks Pianoman, This is good info.... thanks Aroon