When buying land in Thailand, there are several fees and taxes that must be paid, including transfer fees. These fees are typically split between the buyer and the seller, with the buyer responsible for paying the majority of them.
The main transfer fee is the “land office fee,” which is a percentage of the total value of the land and is paid to the government. The exact percentage varies depending on the location and value of the land, but it is typically around 2%.
Additionally, there is a stamp duty, which is a fixed fee that ranges from 0.5% to 1% of the total value of the land, depending on the location.
There are also taxes that must be paid, including a specific business tax, which is a percentage of the value of the land and is paid to the government.
It is important to note that laws regarding the purchase of land in Thailand can vary depending on the region, so it is best to consult with a lawyer or real estate professional who is familiar with the laws in the specific area where the land is located.
