Thailand Property Taxes: Simple guide with real numbers
Property Taxes in Thailand for Individuals: Real Examples and Simple Calculations
Below is a clear, practical guide to taxes you may face when you own and sell property in Thailand. We’ll use real numbers in Thai baht (THB), not theory.
1. Annual property tax (Land & Building Tax)
This is the tax you pay because you own the property.
You pay it once per year.
How it’s calculated
• The tax is not based on the price you paid.
• It is based on the official government appraised value (this is usually lower than market price).
Rates are very low, especially if you live in the property yourself.
➜ Example 1: Condo for your own living
Let’s say:
• You bought the condo for 6,500,000 THB
• The government value is 4,800,000 THB
• You live there yourself (no rental income)
👉 In this case, the annual tax is 0 THB
(for lower-priced homes it is often zero or very small).
➜ Example 2: Higher-value home, but you live thereLet’s say the appraised value is 15,000,000 THB.
Calculation:
• First 10,000,000 THB → 0 THB
• Remaining 5,000,000 THB × 0.02% = 1,000 THB per year
👉 So you pay 1,000 THB per year (about 80 THB per month).
➜ Example 3: House or expensive condo for living
Let’s say the appraised value is 30,000,000 THB.
Calculation:
• Up to 10,000,000 THB → 0 THB
• Next 20,000,000 THB × 0.02% = 4,000 THB per year
👉 So you pay 4,000 THB per year (less than 350 THB per month).
Important:
• This is not a profit tax and not a purchase tax.
• It’s a small yearly payment, often similar to basic utility costs.
2. Taxes when you sell the property
When you sell, you pay one of two taxes.
➜ Option 1: 3.3% tax (if you owned it less than 5 years)
Let’s say:
• You sell the condo for 7,000,000 THB
• You owned it for 3 years
Calculation:
• 7,000,000 × 3.3% = 231,000 THB
👉 You pay this mainly when you sell quickly.
➜ Option 2: 0.5% tax (if you owned it more than 5 years or lived there)
Let’s say:
• Sale price is 7,000,000 THB
• You owned it for 6 years
Calculation:
• 7,000,000 × 0.5% = 35,000 THB
👉Big difference – this is why ownership period matters a lot.
3. “Income tax” on the sale
This tax is paid by everyone, but it is calculated using an official formula, not based on your real profit.
Example calculation
Let’s say:
• Official appraised value: 7,500,000 THB
• Ownership period: 3 years
➜ Step 1: Deduction for ownership period
For 3 years, the deduction is 77%.
7,500,000 × 77% = 5,775,000 THB (deduction)
Remaining taxable amount:
7,500,000 − 5,775,000 = 1,725,000 THB
➜ Step 2: Divide by the number of years
1,725,000 / 3 = 575,000 THB per year
➜ Step 3: Apply the tax brackets
• 300,000 × 5% = 15,000
• 200,000 × 10% = 20,000
• 75,000 × 15% = 11,250
👉 Tax per year: 46,250 THB
👉 For 3 years:
46,250 × 3 = 138,750 THB
4. Mandatory transfer fee (not a tax)
On every sale there is also a required fee:
• 2% of the value as a transfer/registration fee.
Example:
• 7,000,000 × 2% = 140,000 THB
This is often split 50/50 between buyer and seller.
5. Total cost: a quick, simple view
If you sell after 2–3 years
• 3.3% tax
• formula-based “income tax”
• transfer fee
👉 Usually total: about 3%–6% of the sale price.
If you sell after 5+ years and lived there
• 0.5% tax
• formula-based “income tax”
• transfer fee
👉 Usually total: about 1.5%–2.5% of the sale price.
Short conclusion
• The annual tax is very small (often 0–4,000 THB per year).
• The biggest taxes happen when you sell quickly.
• The longer you own the property (and the cleaner the “owner-occupied” status), the lower your total costs.
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