Property Taxes in Thailand

What taxes and fees should I pay when I buy or sell property in Thailand?

When it comes to taxes imposed or associated with property and real estate in Thailand you must know in advance how much you must pay, when and how often. Here you may find the basic categories of taxes and fees.

Type of payment Description Amount
Transfer Fee This fee is based on the appraised value of your property.  Normally the transfer fee is shared equally between a buyer and a seller. 2%
Lease Registration Fee This fee is based on the total rent to be paid over the lease term. Normally the fee is shared equally between a lessor and a lessee. 1%
Specific Business Tax Specific Business Tax (SBT) is paid by companies or/and individuals who have owned the property for a period of less than five years. The tax is based on the official appraised value of the property,  whichever is highest. 3.3%
Stamp Duty Stamp Duty must be paid when SBT is not applicable. The fee is based on the official appraised value of the property, whichever is highest. 0.1%-0.5%
Withholding Tax When the seller is an individual the WHT is based on the individual’s marginal tax rate. It is calculated after a standard deduction based on the number of years of ownership has been made from the official appraisal price. 1% or 5 – 37%

Normally, your agent will explain all the details pertaining to the deal to you. You should know that the taxes in Thailand are among the lowest in the world, which makes Thailand such a popular destination when it comes to real estate.