Transcript of the above video:

As the title of this video suggests, we are discussing transfer taxes in the context of Thai Real Estate transactions. 

I have discussed this in other videos kind of at length but I decided to make this one because this comes up sometimes for folks out of the blue, especially westerners, foreign nationals looking to purchase Real Estate, for example a Thai Condo here in the Kingdom, they basically don’t see this coming. The notion of a transfer fee or a transfer tax in other foreign jurisdictions is not what is done. Over here in Thailand, it is kind of one of the main property tax revenue streams associated with Real Estate here in Thailand. It will depend, a lot of facts go into calculation of the transfer fee most notably how long has the seller owned their property; how long have they been in possession and owned it; is there what is called a special business tax, does that maybe apply. Again, the calculation on the transfer tax is going to depend on the underlying facts of a given case. 

Now that said, those who are looking to purchase property in Thailand who are looking into this, it might not be a terrible idea to contact a legal professional, gain some insight and guidance on Real Estate Taxes in Thailand.