Buying property and real estates in Thailand can have many legal aspects associated. The law around buying selling and transferring property is complex, especially for foreigners. Our legal team with knowledge and experience in Thai Property Law can assist you with the procedures to minimize any problem that can happen.

Selecting property in Thailand can be hard for foreigner without local assistance. Thailand does not have city zoning like other major cities in the world. Property location can be far different from one street to another. Therefore, a local agent can help you with property selection that matches your price range and specific needs.

Buying Property

Buying property and real estates in Thailand can have many legal aspects associated. The law around buying selling and transferring property is complex, especially for foreigners. Our legal team with knowledge and experience in Thai Property Law can assist you with the procedures to minimize any problem that can happen.

Selecting property in Thailand can be hard for foreigner without local assistance. Thailand does not have city zoning like other major cities in the world. Property location can be far different from one street to another. Therefore, a local agent can help you with property selection that matches your price range and specific needs.

Please contact our selected real estate agent: www.zestrealestate.com

Escrow Accounts

The concept of putting money down on escrow before you receive title to your property is such a familiar occurrence in common law jurisdictions we don’t often give it a second thought. In fact, in some states in the US such as California, to transfer a property is to ‘close escrow’. In real estate terminology, an escrow can be defined as an impartial holding of documents or funds related to the sale and transfer of a property. An escrow is designed particularly with consumer protection in mind safeguarding your rights

should anything go wrong before the transfer of the property. Nevertheless, an escrow system does offer equal protection to all parties involved including the seller, developer and agent.

Title Deeds

It is very important to perform a title deed search before going into purchasing agreement for any property in Thailand. The title search will reveal every registered interest of the land such as mortgages or liens. For foreigners wishing to build structures on the land purchased, it also verifies the rights to access your property, the residential zoning, environmental and planning codes to make sure if you can build property on that land.

In case you wish to buy condominium, title deed search need to be done in order to verify that the ownership ratio of the condominium is 51 (Thai) : 49 (Foreigner) as required by law.

Property Services:

Due Diligence

Sometimes only Title Deed Search is not enough to reveal the information on the property and seller. Due Diligence service will acquire more information the property through physical inspection of the land, building permits, and local court record review of the seller and developer.

Contract Review

Sometimes the property contract of sale does not provide expounded details on the buyer’s and seller’s rights and obligations. We provide contract review services by our property lawyer to anticipate all possible issues on the legalities from completeness of a contract.

Transfer of Title

We can assist you in the process of Title Transfer, as there can be many administration fees additional to the price of the property. Our lawyer will ensure that you are paying what is actually due from the transaction.

Property Taxes

Transfer fee 2% of the registered value of the property

Stamp Duty 0.5% of registered value. Only payable if exempt from business tax

Withholding tax 1% of the appraised value or registered sale value of the property (whichever is higher and if the seller is a company). If the seller is an individual, withholding tax is calculated at a progressive rate based on the appraisal value of the property.

Business tax 3.3% of the appraised value or registered sale value of the property (whichever is higher). This applies to both individuals and companies.

TAXWHICH PARTY NORMALLY PAYSAMOUNT
Transfer feeBuyer2% of registered value
Stamp DutySeller0.5% of registered value
Withholding TaxSeller1% of appraised value or registered sale value (whichever is higher)
Business TaxSeller3.3% of appraised value or registered sale value (whichever is higher)