Transaction costs
Buying and selling real estate in Thailand involves several important expenses.
Optional payments
Basic screening document 8.000 THB
from public funds, without a visit to the office and without on-site verification
In-depth document screening 40.000 THB
1. Collage of land title deeds
Land control:
Checking whether the land title deed is valid (e.g. entry to NS4 Jor.)* in order to grant full ownership). Check whether the seller is the beneficial owner or has the right to sell or not. Whether the land has any mortgages or other liabilities, easements etc..
Entrance-exit: Is the exit available on public roads. (In case of vacant land)
Zoning: Is the land zoned where a house can legally be built or are there restrictions on building.
2. condition of the house and lot.
Home inspection:
Inspecting the condition of the house for cracks, water leaks, or weak construction.
Water-Electricity-Sewer: checking that the systems comply with building standards.
Flood level: Check the history of the area for flooding.
Soil: Check soil condition to see if there is a problem with the soil, rainwater absorption, stability of the subsoil under the house foundation, soil contamination.
Common charges for water, electricity, security, cleaning, etc.
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*NS4 Jor, officially known as Nor Sor Si (4) Jor (N.S.4.J), is referred to as "Chanote" in Thailand and represents the highest form of land ownership. This type of title deed provides the holder with full and confirmed ownership of the land. Land with Chanote title is accurately surveyed using GPS and its boundaries are marked with concrete landmarks. This title allows the holder to sell, lease or otherwise dispose of the land without restriction.
Standard payments
Refundable reservation fee contracts 25,0000 THB*
Purchase contracts 15.0000 THB
bilingual - in English and Thai
Transfer Fee:
- 0,01 % - 2,00 % of the property value,
- paid by the buyer.
Real Estate Agency Fee
- 3% - 5%
- paid by the seller
Withholding Tax
- 1%
- paid by the seller
Stamp Duty
- 0,50 %
- If the property is sold within five years of ownership, the seller pays a Specific Business Tax 3,3 %
- paid by the seller
Specific Business Tax
- 3,30 %
- paid by the seller
Registration Fee
- 2%
- paid by the seller
Legal Fees
- According to chosen practice, rates can be expected between 20,000 and 30,000 THB
- paid by the buyer
Property Tax
- Annual Land Ownership Tax
- paid by the seller
- ( In Thailand, there is a restriction for foreigners owning land; it can be leased for up to 90 years.)
Maintenance Fees
- This regular fee applies to condominium or apartment owners. Costs vary widely depending on the property, with the highest fees charged in luxury apartments.
When selling property in Thailand, there are specific tax obligations:
Typically, it's 1-2% for owned properties and 1.1% for rentals.