Reduction of Land Office Registration Fees in 2023
Thailand’s cabinet on Tuesday, 20th December 2022 approved tax measures to help boost public consumption to stimulate the economy moving into recovery. Land and property tax was reduced to 15% along with some registration fees being cut for the year 2023.
Measures to reduce the registration fee for rights and juristic acts for housing in 2023 include reducing the registration fee for transferring real estate from 2% to 1% and reducing the registration fee for real estate mortgages from 1% to 0.01% for housing purchases.
These measures will cover single houses, twin houses, row houses, commercial buildings, and condominiums (both new and pre-owned houses). This relates only to cases where the purchase price and the cost appraisal price do not exceed 3 million baht and the mortgage amount does not exceed 3 million baht per contract.
If you would like any further information, please contact us at [email protected]
Visit our real estate page for more details about our services at www.franklegaltax.com/services/real-estate/
Fabian Doppler
Connect with me on LinkedIn
Fabian, a founding partner of FRANK Legal & Tax, is a German-trained lawyer with expertise in corporate/commercial and real estate law, and litigation, and has been living and working in Thailand since 2005.
Fabian Doppler
Fabian is a founding partner of FRANK Legal & Tax. He focuses his practice on corporate / commercial and real estate law, as well as litigation. He is admitted to the Bar of Stuttgart, where he actively practiced law before coming to Thailand in 2005.