Property Transaction Tax Breaks Extended Until End of June 2010
By James Pitchon on May 27, 2010 in Property News
Thailand’s cabinet approved on May 25th a one month extension of the reduced house transfer and mortgage registration fees until the end of June 2010.
Transfer fees will remain reduced from 2% to 0.01% and mortgage registration fees from 1% to 0.01%.
This will reduce costs for the sale of completed property but will have no effect on off plan launches.
Does the extension until end of June on transfer fees apply to only land of maximum 1 rai. Or does it apply to any size property. (I was told by someone it only applies to 1 rai).
Dear Eugene,
Yes, the reduced transfer fee applies to only land of max. 1 rai. If you have, for example, 3 rais of land, you will have to pay a normal transfer fee of 2% for 2 rais and 0.01% fee for 1 rai.
Any news if the government will extend this tax break again (beyond June 30)?
We believe the government will extend no more.