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Property Transfer Taxes Inc Corp Tax 2012

chickencurry
in Real Estate, Housing, House and Land Ownership

Featured Replies

I wonder if someone can enlighten me on taxes in 2012?

We've been trying to sell our property for yonks now. We have had various interested parties but unfortunately they always seem to want to buy the land freehold. This seems to be a problem. We have the house freehold, but have the land as leasehold. (We are expats) It seems that assigning the lease to someone else is very simple procedure and not too much cost involved. However, if we transfer from leasehold to freehold, even though the land is not ours, we get hit with Thai corporate tax of 30 percent. It's a huge amount.

We just had an estimate of costs from our Thai lawyer, which was a really horrible amount. The latest sale has just fell through once again. But our lawyer is now indicating that there may be tax changes in 2012 but she says she cannot tell us what. Has anyone any thoughts on this?

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