Richard Banks Posted March 2, 2013 Share Posted March 2, 2013 Can anyone please give advice regarding if tax is required to be paid (apart from the fees) is a broken up property remains in the same persons name. Situation: One big block with a house on it Desire: Chop off 3 yarn with the house Chop of 2 rai Keep the orignal chanote with the remaining land We plan to sell the house on 3 yarn in the future. For now, all the new chanotes will be in the same name as before, ie nothing sold. Questions ??? Do you need to pay tax to the land office when the same person is just sub divinging up a bit and no change of name or sale has happened? Does the value of hte actual house come into this? Any advice would be great thank you. Richard Link to comment Share on other sites More sharing options...
dave111223 Posted March 2, 2013 Share Posted March 2, 2013 If you split the land but keep it in the same person's name then you do not pay any tax. You just have to pay for a government survey (about 2000THB i seem to remember), it takes about a month or so for the survey, then about another month to get the extra chanotes (under the table money can speed up the process if you are in a hurry) Link to comment Share on other sites More sharing options...
monty Posted March 3, 2013 Share Posted March 3, 2013 Yup,.survey first, but doubt you can speed up that part, as it involves land office sending out registered letters to your neighbours to inform them of your intentions and give opportunity to object. Then the issuing of the new deeds. No taxes per se but a fair bit of government fees, amounts depend on size of land. Link to comment Share on other sites More sharing options...
breadbin Posted March 3, 2013 Share Posted March 3, 2013 I split land in half, no tax BUT remember the 5 year rule will commence from the registration of the new titles and blue book whichever is later. If you sell before 5 years you pay more tax. Just a gentle reminder. Good luck. Link to comment Share on other sites More sharing options...
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