sweden4ever Posted November 26, 2012 Share Posted November 26, 2012 We intends to sell our condo which we bought in 2009 for 2,95 million. we have a buyer who will buy it next year for 3,5 million. Which fee´s and taxes must be paid? Thanks Link to comment Share on other sites More sharing options...
PattayaPhom Posted November 27, 2012 Share Posted November 27, 2012 That's one for the naysayers, 20% profit over 4 years. Link to comment Share on other sites More sharing options...
Langsuan Man Posted November 27, 2012 Share Posted November 27, 2012 (edited) Split the transfer fees with the buyer, is the norm in Thailand Edited November 27, 2012 by Langsuan Man Link to comment Share on other sites More sharing options...
hyperboyz9 Posted November 27, 2012 Share Posted November 27, 2012 About selling the house in Thailand, the basic of Tax and transfee fee + other fee ( if any) we will calculate from 6% following; 3.3% for the tax fee ( Buy not over 5 years /or don't have the name in the household for 1 year ) 2% for transfer fee ( Mostly, we spilt half/ half between seller and buyer ) 0.6% ffor other fee ( if any ) Link to comment Share on other sites More sharing options...
54321 Posted November 27, 2012 Share Posted November 27, 2012 That's one for the naysayers, 20% profit over 4 years. They will still no doubt question the wisdom of owning property. Good luck to the seller. Approx 20% over 4 years is good, and guessing the owners would have needed to rent a condo for at least 15,000 pm (at a guess, and maybe more) had they not bought, thats 720,000 saved in rent over 4 years 1 Link to comment Share on other sites More sharing options...
ballbreaker Posted November 28, 2012 Share Posted November 28, 2012 OP check below link. http://www.samuiforsale.com/real-estate/condominium-transfer-tax-and-fees.html Link to comment Share on other sites More sharing options...
khunken Posted November 28, 2012 Share Posted November 28, 2012 Transfer fees explained here: http://lawonline.weebly.com/property-transfer-tax-and-fee.html Link to comment Share on other sites More sharing options...
sotsira Posted November 28, 2012 Share Posted November 28, 2012 An approximate calculation of all the tax & transfer fees is 7% of the appraised value or the declared sale price to the land office. ( whichever is the higher). You should also negotiate with the buyer in whether, you or they should pay this fee, or whether it's shared 50-50. You can also take your title deeds to the land office prior to selling and ask them to calculate the fees for you, this way you know exactly what the total fees are. Link to comment Share on other sites More sharing options...
BlackPuddingBertha Posted November 28, 2012 Share Posted November 28, 2012 ... 20% profit over 4 years. Make that 20% less agent's commission and less tax, which could be pushing 10% in total. And of course the deal isn't actually done yet. I can show you 50 people who would be delighted to sell for what they paid for their units a few years ago, let alone show a profit. Link to comment Share on other sites More sharing options...
BEVUP Posted December 16, 2012 Share Posted December 16, 2012 Interesting info & in the links In a situation similar to above about fees Wife buying second house in MooBaan ( I thought i also read some where there could be a tax for this purchase ) Plan to live in it Pretty sure MooBaan under 5 yrs old Buying direct fom Developer so no banks - initial deposit + taxes & rest over 5 yr period From reading these posts sounds like the figure of 0.075 % may be right But heres the question Why so high if the buyer only has to pay Stamp Duty - I know its been mentioned of 50/50, but woudnt you think they have already factored that in Link to comment Share on other sites More sharing options...
JomtienEats Posted December 17, 2012 Share Posted December 17, 2012 Not sure exactly what you're asking, but I think the reason tax to pay on the sale will be high is because either i) a property is being sold without being held for 5 years in which case a 3.3% fee applies ii) a property has been held for 5 years or more in which case the 'income' witholding tax starts to add up (this seems to be generally poorly understood. I think I have my head around it - it's basically a yearly property tax but is only paid when the property is sold.) Link to comment Share on other sites More sharing options...
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