Property Taxes in Thailand

transfer taxes

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1. Suppose that the government assessed price is Baht 50,000 per Sq.m.

2. All areas are 100 Sq.m.

3. The total assessed price is Baht 5,000,000

4. Actual selling price is 6,000,000

5. The Seller possessed this property for 3 year

The government assessed price = 5,000,000 Baht 
Deduction with the expense of possession for 3 years for 77% = 3,850,000

Balance = 1,150,000 (5,000,000 – 3,850,000) 
Divided by the 3 year of possession 
Balance = 383,333.33 (1,150,000/3)

Taxation on progression rate 
1 to 80,000 = exempt 
80,001 - 100,000 = 5% (1,000) 
100,001 383,333.33 = 10% (28,333.23) 
Total = 29,333.23 (1,000 + 28,333.23)

Multiply by the year of possession = 87,999.69 (29,333.23 x 3)

In this case withholding tax is Baht 87,999.69

Is 2% based on the government assessed price so 5,000,000 x 2% Balance = 100,000

Transfer fee is Baht 100,000

In this case is exempt. This is because transaction is subject to the specific Business Tax (possession of less than 5 year before sale).

Total expenses are: Baht 385,999.69 (A+B+C)

See also:
	Usufruct in Thailand
	Buying a Condominium in Thailand
	Selling a Condominium in Thailand
	Mortgage Bonds in Thailand