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What are the considerations for buying a condo in Koh Samui for rental income and tax implications?

Koh Samui Condominium Purchasing Real Estate Rental Market Foreign Ownership Tax Implications Short-term Rentals

Mar 6, 2025

a month ago

Dee **********

ORIGINAL POSTER

Not sure if this is the right page, but i wanted to ask if there is anyone on here who owns a condo here on koh Samui. We are looking to possibly buy one at the Bay Condominiums near Bangrak, and have a few questions regarding how much we can expect to rent it out at and taxes both here and in Australia that are not being answered well enough by the realestate companies.

If anyone can help that would be great.

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TLDR : Answer Summary

The user is inquiring about the feasibility and implications of purchasing a condo for rental in Koh Samui. They seek advice on expected rental rates and tax obligations both locally and in Australia. Comments suggest caution, highlighting issues like market depreciation, the importance of local legal and accounting advice, and potential restrictions on rental duration.

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Charlie *********

Asking for others’ first-hand experience of ANYTHING is a good idea. Disregard the haters.

a month ago

Dee **********

ORIGINAL POSTER

@Charlie ********

we were looking to retire in a few years and were contemplating buying over renting, as well as buying now and making a few dollars until we do retire.

We do have our own professional advice, however, that’s is nothing like real people’s experiences which is why i asked.

Thank you to everyone for your advice. We have decided not to buy.

a month ago

Reply to

Dee **********

Aaron *********

maybe don't ask Facebook? this sounds like a lawyer question

a month ago

Paul *********

Do NOT buy realestate in thailand

a month ago

Us *****

Why on earth would you buy a condo to rent it out here? A Thai person would buy it 30% less than you and be able to rent it out cheaper than you. The moment you sign on the dotted line, your property will depreciate like a new car driving off the lot.

a month ago

Peter **********

@Us ****

whilst there is a certain truth to what you are saying, returns can be made in Thailand. I've seen rental returns friends have made and these average out at about 5-6% after all expenses. Capital appreciation is minimal, but equally few have depreciated. I'm not saying there aren't better investment returns, but maybe Thai property isn't as bad as you suggest.

a month ago

Us *****

@Peter *********

5-6%? You can just buy a US treasury bond for 5% yield risk free. Investing in Thai properties put you at a serious disadvantage. The Chinese loves buying condo here because they are laundering money out of China. They just leave the condos empty. Thai properties are uninvestable.

a month ago

Reply to

Us *****

Dee **********

ORIGINAL POSTER

Thank you, everyone😊

a month ago

Matt *******

Can put you in touch with two very good rental companies. Sent a pm

a month ago

Philip *******

Find a Thai accountant, some in fact most condos cannot be short term leased eg less than monthly.Tax in Australia talk to Australian accountants.