Laws, compliance, foreign ownership rules, and official regulations in Thailand
Transferring property in Thailand involves four main costs: a 2% transfer fee, withholding tax, and either a 3.3% Specific Business Tax (SBT) or 0.5% Stamp Duty. Foreign buyers should budget between 4% to 7% of the property value for these total closing costs.
Transfer Fees: 2% of appraised value. Stamp Duty: 0.5% of appraised value. Specific Business Tax: 3.3% if sold within 5 years. Personal Income Tax: Progressive rate. Land & Building Tax: 0.02%-0.7% annually. Agent Fees: Buyer's Agent Fee is Free. Seller's Agent Commission: 3%-5% of sale price (3%+VAT from actual net closing price). Rental Commission: 1 month rent for 1-year lease. Payment Methods: Bank Transfer, Thai QR Payment, Cashier Check. Whalespace Property Finding Fee: Free (No charges for property viewings and sourcing). Marketing & Media for Sellers: Free (Includes photography and advertising across all channels).
Official laws, regulations, and compliance requirements for property transactions in Thailand
