how are government assessed values calculated?

Is there a rigid formula by which the Lands Office does the calculation, or just some sort of general guidance? Is this written down anywhere?
Category: Thai Laws and Acts
Asked 11 years ago
Colin Roth
Of course. There are fixed rates, income withholding tax (but exemptions), transfer fee, stamp duty, specific business tax, if applicable. Some are based on the actual registered sale value of the property, others based on the assessed (fixed) government value of the property, set (every 4 years) by the treasury department and land department. So basically it should be all very clear.
Answered 11 years ago

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