Thailand
The Kingdom of Thailand draws more visitors than any other country in southeast Asia with its irresistible combination of breathtaking natural beauty, inspiring temples, deliciously spicy cuisine and ruins of fabulous ancient kingdoms. Delightful islands, long white beaches, turquoise seas and a warm climate make it an obvious place to have a holiday or retirement home.
Capital city: Bangkok
Language: Thai
Religion: Buddhist, Islam
Currency: Baht
Climate: tropical
Time zone: (UTC+7) - Summer (DST) (UTC+7)
Getting there:Good structure for flights now including direct charters to Phuket, Ko Simui etc. Scheduled flights to Bangkok.
Buyer’s Guide:
The appraised value of buildings is 5,250.00 baht per square meter. Together with the land value they constitute the basis for calculation of the Registration Fee (2%) and the Stamp Duty (0.5%). Then there is the "registered" value of the property, which is the basis of the Withholding Tax (1%, falls away if the seller has owned the land for more than 5 years) and the Business Tax (3.3%). Normally, the entire tax bill is borne equally by both parties.
Thailand's property and real estate laws can seem fairly restrictive as applied to foreigners, but they are really no different from other countries where special treaties are not in place. Although foreigners may own buildings, condominium units or houses, in their own names, Thai law stipulates that foreigners cannot own Thai land in their own names. There are, however ways around this.
As ever consult a lawyer.
Want to know more or haven't found what you're looking for yet?
Call us on +44 (0) 20 8444 1459 or use our online contact form.
