It is a rather unknown fact among foreign property purchasers, in particular in tourist resort destinations in southern Thailand, that Thai property law sets forth a strict regime for the development of real estate projects. If your browser is unable to view this document online, please click HERE to download
According to CBRE Thailand, the Bangkok condominium market is growing in complexity as more products with different market dynamics, sizes and quality emerge. New supply has continued to increase with approximately 7,600 units completed in the downtown and midtown markets this quarter. Total midtown and downtown supply is now purportedly approximately 350,000 units where the…
According to The Nation (20 May 2013), Thailand is following the global trend of constructing more green buildings, because the business community has started realizing that these offer both long-term energy savings and increased business value. The newspaper refers to executives close to the industry. The number of green buildings is said to continue to…
This article describes the establishment of renewable energy in Thailand and respective government incentives.
According to reports by “The Nation”, Thai listed property firms will announce investments totaling at least Bt150 billion in each of the next two years, with 216 residential projects expected to be launched during 2013. Some Bt150 billion is expected to be the value of the projects themselves while a similar amount is expected to…
On 18 December 2012, the Thai cabinet approved reductions of the personal income tax rates, to take effect in the beginning of the fiscal year 2013.
The previously five income tax brackets are being expanded into now eight brackets by adding tax rates of 5%, 15%, and 25%. The top marginal tax rate decreases slightly, from previously 37% to now 35%. This applies for net taxable income of THB 4 million or more. The tax exemption for low salaries of less than THB 150,000 remains as it is.
This is the first major change of PIT rates since approximately 20 years. According to the Bangkok Post, details of the new tax rates are as follows:
A comparison of requirements and procedures for the establishment of limited liability companies in ASEAN countries. Article in Bangkok Post, 1 Nov 2010
An article on the requirements for obtaining a hotel license in Thailand, including information on the hotel market in Phuket. Article in Phuket News, 25 May 2012
Construction defects are a very practical concern, whether you buy a new property or one from the secondary market. This article contains some useful information and tips how to deal with the situation appropriately. Article in Samui-Phangan Real Estate Magazine, June 2011
The Khai Fah (Engl: Sale with Right of Redemption) is a specialty of Thai property law, and it is commonly used by Thais, but not foreigners. The reason is mainly that the legal implications of it are not known. This article provides details. Article in Property Report, Jan 2011
What legalities need to be considered when transferring funds to and out of Thailand? This article explains the details. Published in the Property Report Thailand, January 2010
Foreigners in Thailand are allowed to lease land for 30 years. Standard lease contracts include two renewal options for further 30 years and usually a purchase option. Are these options enforceable in practice? This article looks at details.
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