Tax

Land and Property Tax Forces Site Owners to Consider Options

The new Land and Property Tax which will be effective from January 2020 onward, is another challenge for the Thai property market. One of the sectors that will be impacted is vacant land. There are still many unused sites in Bangkok. Owners of these sites will have to start paying significant taxes for the first time once the new land tax comes into effect in January next year. Many of these owners...

Bangkok land prices plateau, new tax on the way

Land prices in the Thai capital are forecast to plateau, or even drop this year. This would be the first time in more than ten years that Bangkok’s land prices have levelled off. So what is causing the sudden surge in land becoming available? Property and real estate consultants say the changes can be blamed on the general economic slowdown and the Land and Buildings Tax that takes effect early...

Should You Buy an Investment Property in Thailand?

Should You Buy an Investment Property in Thailand?

An investment property, according to Investopedia, is any real estate property bought for the purpose of getting a return on investment (ROI) by selling the property or renting it out. People often purchase investment properties to earn more income or reduce their property tax. If you took an investment loan to buy an investment property in Thailand, the accompanying interest will usually be...

Taxes and fees for a real estate transaction in Thailand

Taxes and fees for a real estate transaction in Thailand are much lower than in Europe. To give you an idea, they account for about 4 to 7% of the sale price for a property in resale. Thai real estate taxes are different from the real estate taxes in western countries and are also more advantageous to buyers than in western countries. However, it’s necessary to be aware of all its specificities in...

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