Answereda year ago
What are the costs associated with transferring ownership of a condo worth 2 million THB in Thailand?
Hi, I was wondering what's the cost (roughly) for transfer of company or foreign ownership for a property? Say a condo worth around 2 million. Thanks.
Answer summary
The transfer fee for property ownership in Thailand is generally 2% of the appraised value, which is typically shared equally between the buyer and seller. For a condo valued at 2 million THB, this would amount to about 40,000 THB, or 20,000 THB each. However, there is a temporary reduction in this fee to 0.01% due to recent changes.
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Michael ********
Its been reduced for one year to 0.01 % about 1 week after i transferred some property 5555 TIT.
Jason **********
Transfer fee is 2% of the appraised value usually split between buyer and seller
*****
. So for 2 million around 40k thb or 20k each part.Michael ********
@Jason *********
not at moment was lowered recently for a year. For property under 6 or 7 million forget which but i dont have anything worth that anyway so dont careJason **********
@Michael *******
oh ok thank you my property was a little more as well thank you for making it more accurate.do you know what the lower rate for smaller property is?Michael ********
@Jason *********
0.01% 😁Activity
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