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Property Taxation
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There are two different
types of Tax levied on property in Thailand
and they are called:
- Land Tax
- Structures Usage Tax
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Land Tax
is a very small tax levied on land ownership
equivalent to just a few Baht per Rai
every year.
Structures Usage Tax is applicable
at the rate of 12.5% on the actual (or
assessed) gross rental value of the
property. |
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| Lessees are not subject to this tax but
may be required by the real estate developer
to pay an annual ground rent instead. |
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How to Pay
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| If you are purchasing
property in Thailand and you want to
pay in Thai Baht ensure that your funds
are transferred into Thailand in foreign
currency and converted to Thai Baht
here. |
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| The reason for this
is that the receiving bank will issue
the relevant exchange control form (
formally the Thor Tor 3 form ) confirming
the transaction. |
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| The relevance of the exchange control form
is that it is one of the documents you will
need in the future if you wish to repatriate
funds without incurring tax (15%) |
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Land Measurements
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Western
Measurements
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1 wah = 4mē
1 Ngan = 100 Wah or 400 mē
4 Ngan = 1 Rai or 1600 mē |
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2.50 Rai = 1
Acre
6.25 Rai = 1 Hectare
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July 2006
Landholding Companies
Read this now don't
get caught
Thai Cabinet okay's Business Act amendments
more information here
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