Taxes and Costs When Selling

Net proceeds, not headline price, are what matter. Several charges fall due at the Land Office on the day of transfer, and who pays which of them is negotiable.

The charges involved

A transfer fee calculated on the appraised or declared value; either specific business tax or stamp duty depending on how long the property has been held and how it is owned; and a withholding tax on the sale, calculated differently for individuals and for companies. Individuals are assessed progressively with an allowance for years of ownership; companies are assessed on the value.

Holding period matters

Selling within a few years of acquisition typically attracts specific business tax rather than the much smaller stamp duty. For sellers close to that boundary the difference can be material, and timing is worth checking before committing to a date.

Who pays what

There is no fixed rule. Splitting the transfer fee equally and leaving each side its own taxes is common, but everything here is a term of the deal and should be written into the contract rather than assumed.

Repatriating the proceeds

If you are a foreign seller who brought funds in to buy, the paperwork from that original inward remittance matters when taking money out. Keep it.

Rates change

Thailand has repeatedly introduced temporary reductions to transfer fees and related charges. Treat the categories above as the structure and confirm current rates with your lawyer or accountant before you rely on a net figure.