When purchasing a property in leasehold for 30 years in Thailand, the following taxes and duties apply:
- Transfer fee: This fee is charged by the Land Department of Thailand for the transfer of ownership of the leasehold rights to the property. The transfer fee is usually 2% of the registered value of the leasehold rights.
- Stamp duty: This duty is imposed on the lease agreement between the lessee (buyer) and the lessor (seller). The stamp duty rate is 0.1% of the total rental amount for the entire lease term.
- Withholding tax: This tax is imposed on the rental income earned by the lessor (seller) from the lessee (buyer). The withholding tax rate is 15% of the gross rental income. The lessor (seller) is responsible for filing and paying this tax to the Revenue Department of Thailand on a monthly basis.
- Specific Business Tax (SBT): This tax is levied on the rental income earned by the lessor (seller) from the lessee (buyer). The SBT rate is 3% of the gross rental income, and the lessor (seller) is responsible for filing and paying this tax to the Revenue Department of Thailand on a monthly basis.
Please see the following table for a clear summary of the taxes and duties associated with buying a leasehold property for 30 years in Thailand:
| Tax/Duty | Rate | Who Pays | Payment Frequency |
| Transfer Fee | 2% of registered property value | Buyer | One-time payment at time of lease transfer |
| Stamp Duty | 0.1% of total rental amount | Buyer | One-time payment at time of lease agreement |
| Withholding Tax | 15% of gross rental income | Seller (lessor) | Monthly |
| Specific Business Tax | 3% of gross rental income | Seller (lessor) | Monthly |
It is important to note that as a foreigner, you are subject to additional regulations when buying a property in Thailand. You should also ensure that the lease agreement is properly drafted and registered with the Land Department of Thailand.