What is the policy of buying a house in Thailand? What are the real estate taxes and fees in Thailand?

First of all, you need to know the policy of buying a house in Thailand.

1. Non-Thai nationals can't buy Thai land, that is, foreigners can't use land to buy permanent real estate buildings, especially villas.

Foreigners can buy as many Thai apartments as they want, and most of them are permanent property rights. The only restriction is that 5 1% of the entire apartment building must be in the hands of Thai citizens, and foreigners can buy up to 49% of the apartment.

Foreigners can also buy villas or land in Thailand and have permanent property rights, but they must register Thai companies. It only takes 7 days to register a company in Thailand, and the cost is low. Generally, there is no need for actual operation, and only a little low company reimbursement fee is required every year.

Foreigners can borrow money to buy a house in Thailand. The down payment is calculated according to the house price or valuation, usually 30%.

5. If you buy an auction house with a loan, you must pay a down payment, which is equivalent to a down payment. When you hand over the house, apply for a loan.

6. Because there is no "property tax" for buying a house in Thailand, only a few transfer taxes need to be paid for transferring property in Thailand.

The taxes and fees to be paid for buying a house in Thailand mainly include:

1. Transfer tax: 2% (50% for the buyer and 50% for the seller)

2. Special business tax: 3.3% (paid by the seller, and exempted by the owner if the property is held for more than 5 years).

3. Stamp duty: 0.5% (to be paid by the seller)