Buying a house, transfer fees?

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hulltoon
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Buying a house, transfer fees?

Post by hulltoon » Sun Nov 12, 2017 3:29 am

I am thinking of buying a house for3 million baht,with all the transfer fees and taxes how much extra would it be.

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laphanphon
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Re: Buying a house

Post by laphanphon » Sun Nov 12, 2017 9:56 am

Depends on m² of house, and size of land lot, along with assessment for that area, and your negotiating skill. Buyer / seller % of payment, -0-, 50 / 50 or 100 %.

Also what you tell them the house is sold for or what they tell you it's worth / assessed at.
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hulltoon
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Re: Buying a house, transfer fees?

Post by hulltoon » Sun Nov 12, 2017 3:43 pm

Thank you

Edmin
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Re: Buying a house, transfer fees?

Post by Edmin » Mon Nov 13, 2017 12:44 pm

I think, hulltoon was asking what percentage of price for transfer fee, business tax, withholding tax, stump duty etc would be. He (or she) did not ask about negotiating. If you, laphanphon, can't answer or, don't want to, don't be smart a...leck.

If someone did Due Diligence report before buying house he (or she) could give an idea. I will appreciate it such information too.

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StevePIraq
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Re: Buying a house, transfer fees?

Post by StevePIraq » Mon Nov 13, 2017 1:57 pm

The legal requirments are as follows:
https://www.thailandlawonline.com/thai- ... n-thailand
Transfer fees
In a sale and purchase agreement of a new condominium unit or a land and house in an official government licensed housing development the law specifies that the developer may ONLY pass on up to half of the transfer fee to the buyer, all other tax and fees are by law the responsibility of the developer. In other situations (private sale, or private apartment or housing development) the parties are free to divide the transfer fees and taxes and it could vary from purchaser pays all to seller pays all depending on the agreement between the parties. The following conveyancing taxes and transfer fees are involved with transfer of real estate in Thailand:
- Transfer Fee of 2%
- Specific Business Tax of 3.3% (if applicable)
- Stamp Duty of 0,5% (does not have to be paid when Specific Business Tax is charged)
- Withholding (Income) Tax calculated at a progressive rate for individuals and is fixed at 1% for corporations.
The above tax rates are the general tax rates that apply on the transfer of ownership of land, land and house, condominium or the transfer of a house separate from the land. The above taxes and fees are charged at the time of transfer of the property. For more specific information visit the page 'real property conveyancing and tax'.
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Edmin
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Re: Buying a house, transfer fees?

Post by Edmin » Mon Nov 13, 2017 10:27 pm

Thank you very much for such a good answer.

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