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Property Transaction Tax Breaks Extended Until End of June 2010

By on May 27, 2010 in Property News

Thailand’s cabinet approved on May 25th a one month extension of the reduced house transfer and mortgage registration fees until the end of June 2010.

Transfer fees will remain reduced from 2% to 0.01% and mortgage registration fees from 1% to 0.01%.

This will reduce costs for the sale of completed property but will have no effect on off plan launches.

Aliwassa has been the Managing Director οf CBRE Thailand for a number of years. As a Thai national, Aliwassa is extremely knowledgeable about the sale of property in Thailand, specifically large scale high value condominium developments largely in Bangkok.

4 Comments

Eugene McCain

Does the extension until end of June on transfer fees apply to only land of maximum 1 rai. Or does it apply to any size property. (I was told by someone it only applies to 1 rai).

Bangkok Condo Editor

Dear Eugene,

Yes, the reduced transfer fee applies to only land of max. 1 rai. If you have, for example, 3 rais of land, you will have to pay a normal transfer fee of 2% for 2 rais and 0.01% fee for 1 rai.

Richard

Any news if the government will extend this tax break again (beyond June 30)?

Bangkok Condo Editor

We believe the government will extend no more.








 

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