Investors can enjoy tax payment privileges for buying a condo in 2023
Investors can enjoy tax payment privileges for buying a condo in 2023. For property sale values that have not exceeded 3 million Thai Baht, the transfer fee has been reduced from 2 % to 1% and property registration fee has been reduced from 1% to 0.01% until 31st December 2023.
The most popular and straightforward way for an overseas investor to own freehold property in Thailand is to purchase a condominium. Under Thai law there is a quota reserved for Thai nationals – most usually 51% of the overall unit size, leaving the remaining 49% open to purchase under freehold from foreign buyers
What is the new law for rental properties in Thailand?
The new regulations stipulate that residential lease agreements must have a Thai language version and they must include: Name and address of the business operator and its authorized person. Name and address of the lessee. Name and location of the property.
