Thai land/property transfer tax information
Thai land/property transfer tax information
1. For parents legally giving birth to their children and who donate the land the following tax is applicable
– Compliance with land regulations: 0.5% of the appraised value.
– Stamp duty is 0.5% of the appraised value or capital value (Depends on whichever is higher).
– Personal income tax: 5% of the excess over 20 million.
2. For referral to illegitimate children or to relatives the tax is as follows
– Compliance with land regulations: 0.5% of the appraised value.
– Stamp duty: 0.5% or specific business tax: 3.3% of the appraised value or capital value (Depends on whichever is higher).
– Normal personal income tax from the assessed value.
3. For other cases the tax is:
– Land meeting control system: 2% of the appraised value.
– Stamp duty: 0.5% or specific business tax: 3.3% of the appraised value or capital value (Depends on whichever is higher).
– Normal personal income tax from the assessed value.
4. For the transactions between husband and wife the tax is:
– Compliance with land regulations: 0.5% of the appraised value.
– Stamp duty: 0.5% or specific business tax: 3.3% of the appraised value or capital value (Depends on whichever is higher).
– Normal personal income tax from the assessed value.
5. For Heritage
– For descendants: Account ceiling is 0.5% of the appraised value.
– For relatives who do not need to be descendants: Reference documents 2% of the appraised value.
6. For normal transactions
– Meeting documents: 2% of the appraised price.
– Stamp duty: 0.5% or specific business tax: 3.3%, whichever.
– Normal personal income tax from the assessed value.