Buying and running costs of property in Thailand

Costs at transfer

• Transfer fee: 2% of the official appraised value. In new developments it is often split 50/50 with the developer.
• Specific business tax (3.3%) or stamp duty (0.5%), depending on how long the seller has owned the property. Usually paid by the seller.
• Withholding tax on the seller’s income, also on the seller’s side.
• For leasehold: a lease registration fee (1% of the total rent for the term) plus stamp duty.

The split of costs is not fixed and is always written into the contract. We go through every item with you before you sign.

One-off costs at handover

• Sinking fund: a one-off payment per square metre.
• Utility connection and meter fees.
• A furniture package, if the unit is not handed over furnished.
• Fees of an independent lawyer.

Running costs

• Common area maintenance (CAM) fee per square metre, usually paid a year in advance.
• Utilities: electricity, water, internet.
• Insurance.
• Annual land and building tax, usually small for residential units.
• If you rent it out: the management company’s fee and minor repairs.

Exchange rates

Prices are quoted in baht while most buyers pay in euro or other currencies. With payments spread over time, exchange rates can change your total cost, so keep a buffer in your budget.