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Selling my condo - who pays the transfer tax?

Hello, We are planning to buy a condo in Thailand. How much transfer tax must we pay as foreign buyers? What are the yearly property taxes in Thailand?
Category: Buying a Condominium
transfer tax property tax buying a condo
Asked 12 years ago
Mike and Els
bangkoklawonline

Answers (1)

When you buy a brand new condo from a developer the developer cannot legally ask you for anything more than to pay half of the 2% transfer fee. All other costs and taxes must according to the law and development regulations be paid by the developer solely. When it is a resale unit then payment and responsibility for transfer fee, business tax, stamp duty, income withholding tax and at what percetage should be negotiate between the buyer and seller as part of the overall sale. This should be part of the sale and purchase agreement. There are currently no general property taxes in Thailand.
Answered 11 years ago
Nad
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