What charges apply when I buy a lease?
At all real estate transactions in Thailand a land registration fee of 2.0%, a business tax of 3.0% and the withholding tax at maximum of 1% is charged. These fees are calculated on assessed value and selling price.
Their distribution is an agreement between seller and buyer. Most common is that the parties share transfer of ownership fees.
For the official registration of the lease you will also be charged a small gouvernment fee..
Since 2008-04-01 charges are temporarily reduced due to a funding package from the government. Average cost for the transfer of our property average 1.5 - 2.0%, calculated on the purchase price.