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ballbreaker

Member Since 2007-01-03
Offline Last Active Yesterday, 22:25

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Posts I've Made

In Topic: House & Land Sale Taxes On Sale

Yesterday, 21:54

Being Thai does not exempt you from any of the transfer cost to my knowledge.

The following are current rates and payer of each is usually determined during contract negotiations.  I noted what I feel was intended.

Transfer fee - 2% of assessed value.  (buyer or shared)

Stamp duty -  0.5% of sale price.  Paid only if owned over 5 years. (seller)

Special Business Tax - 3.3% of sale price.  Paid only if owned less than 5 years. (seller)

Withholding Tax - progressive rate on assessed value. (seller)

In Topic: Tax On Selling A Condo ?

2012-05-26 10:12:42

Sale of condo requires payment of following fee/taxes on date of transfer at land office.  Who pays which will be determined by bargaining skill of seller and buyer.  I have noted what is generally intended.

Transfer fee - 2% of assessed value.  (buyer or shared)

Stamp duty -  0.5% of sale price.  Paid only if owned over 5 years. (seller or shared)

Special Business Tax - 3.3% of sale price.  Paid only if owned less than 5 years. (seller)

Withholding Tax - progressive rate on assessed value. (seller)

If you want details on transfer fee, stamp duty and special business tax read website link.
http://www.doingbusi...applicable.html

If you want details on withholding tax read website link.
http://www.doingbusi...calculated.html

In Topic: Can I Sell My Condo From The Uk

2012-05-24 08:50:51

I recently purchased a condo from someone based in the UK and he refused to give power of attorney to anyone in Thailand for reasons Darrel states. He used a broker to find buyer and we concluded contract signing via express mail but I had to wait 2 months till he returned to Thailand for transfer at land office.

Ask yourself if you are willing to give someone here power of attorney for you property and funds from sale. Its best to do the transfer and receive funds at time of transfer in person.

In Topic: Transferring Money Out Then Back In To Thailand For A Condo - Advice Needed.

2012-05-22 15:45:10

I would contact the department of land (www.dol.go.th) and discuss your situation.

In Topic: Condo For My 1 Year Old Son, Thai Citizin Possible ?

2012-05-22 15:08:14

You say the condo is financed and I believe SCB will be listed on chanote as lien holder so no change of ownership can take place without the okay of SCB. Not likely that will happen until loan is paid.