Many individuals who have invested in property in Thailand are often very unaware of the tax liabilities that may arise on selling the property. Typically foreigners have invested in property either through buying a condominium unit which they hold in their own name or have taken out a lease on a landed property.
As our analysis shows below, an individual or other legal structure will always be subject to taxation on the sale of the property. The general tax rates (excluding company or individual personal tax which may also apply eventually) are shown below. Surprisingly, perhaps, for an individual selling a property the taxation system is actually very complex.
Note:Effective from Nov 2, 2019 to Dec 24, 2020, transfer fee has been reduced to 0.01% for property valued at 3 million baht or lesss.