What taxes and fees do I have to pay to buy real estate (apartment, villa) in Thailand?

Because there is no "property tax" in Thailand, you only need to pay several related transfer taxes (transfer fees, special business tax, stamp duty, personal income tax) to buy Thai real estate. The main taxes and fees to be paid for the transfer of real estate in Thailand are as follows:

1. Stamp duty: 0.5%,

2. Personal income tax: it depends on the situation of the property and the holder (generally paid by the seller).

3. Transfer fee: 2% (total house price), and the buyer and the seller shall bear half.

4. Special business tax: 3.3% (paid by the seller, exempted from holding for more than 5 years)

In general, other expenses for buying an apartment in Thailand:

1. Sinking fund: 350 baht/m2 (one-time fee)

2. Property management fee: 10-50 baht/m2/month.

When buying a house in Thailand, the buyer generally has to bear the total transfer tax of 1.5%.

Special business tax may be reduced or exempted under the following circumstances:

1. The special business tax can be reduced or exempted if the owner's household registration exceeds 1 year.

2. But other taxes and fees may increase, so to sum up, the final tax and fee for buying a house in Thailand is about 4% of the total house price.

After buying a property, there is no annual property tax payable in Thailand. The only extra charge after purchase is the property fee, which is used to maintain the building and the facilities you use (such as water and electricity). ? Taxes and fees are calculated according to the above ratio on the basis of real estate appraisal, and the appraisal is usually slightly lower than the purchase price paid. Taxes and fees are paid after the real estate is officially registered, which often happens about 3-6 months after the real estate is delivered. If you have any questions, please consult me in detail. Thank you.