Thailand Property Buying Guide: Three Key Points You Should Know After Buying a Property in Thailand

The legal right of a Thai property owner to sell or rent out the property, subject to compliance with legal requirements and payment of applicable fees. In addition, a remittance notice and foreign exchange transaction certificate issued by the original bank are required to remit the funds back to the country.

The costs associated with reselling a property are first divided into rental registration fees and transfer fees. If the lease period exceeds three years, it must be registered with the Land Department to ensure that the court allows execution. The current lease registration fee is 1.1% of the total rent for the lease period and is usually paid equally by the lessor and the lessee. The transfer fee for buying a house in Thailand, or the property transfer fee, is calculated at 2% of the government-assessed value. The buyer is the party obligated to pay the property transfer fee, but it can be paid by either the buyer or the seller, and the actual situation depends on the agreement between the buyer and the seller. Once the ownership transfer registration is completed, the property transfer fee must be paid to the Land Department.

Thai property owners are required to pay a stamp duty of 0.5% when selling real estate that they have held for five years or more. If a company or individual wants to sell real estate that they have held for less than five years, they must pay a special sales tax. The current tax rate is calculated at 3.3% of the purchase price or government-assessed value, whichever is higher. If the seller is a company, withholding tax is calculated at 1% of the government assessed value or the purchase price, whichever is higher. If the seller is an individual and obtains investment income, he must pay withholding income tax in accordance with Thai tax law, which is calculated at a progressive tax rate based on the government-assessed value.

Thailand Property Buying Guide 9: Are there any other additional costs?

There are four living costs to consider when buying real estate in Thailand. The first is the public fund, which needs to be paid to the property management office in one lump sum for safekeeping as funding for future major community renovations, such as repainting a building or replacing an elevator. The second is the property management fee, which is the cost of operating the apartment. The third is the cost of meter installation, insurance and service. Finally, there are administrative expenses, such as the fees paid for registering property transfers at the land offices in each district.

Thailand Property Buying Guide 10: How to Choose a Thailand Property Management Company?

It is very important to choose a good property management company when buying a house in Thailand. It is best if the company has localized multilingual services, and the service coverage should preferably include house acceptance and inspection, decoration, and trusteeship. In this way, any detail can be saved and trouble-free, and the house status can be easily updated at any time. Owning property in Thailand is not difficult, although it is complicated. As long as you fully understand the real estate situation, the investments that can bring the highest returns are the best choices.



Let’s take our partner Beyond360, Thailand’s best real estate management company, as an example. Beyond360 currently provides the best housing services in Thailand, covering house acceptance, inspection, decoration, and custody. It is a very professional one-stop overseas team. The team is committed to providing customers with diversified and comprehensive integrated services and residential projects, continuously improving the quality of life of every resident and providing more convenience for their lives.