What costs occur at transfer of ownership?
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 such fees.
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.