TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

DOUBLE VISION New Phuket Land Tax Increase Hoopla

Category: Real estate, Posted:30 Jan 2012 | 06:00 am

In a process which is undertaken on a cyclical basis,every four years the actual increase is on MAV(minimum assessed value.
minimum assessed values (MAV), not land tax. This is done by Thailand's Treasury Department.
The MAV forms the basis of computing the transfer fee (2%) when land or property is transacted.
Unlike many other countries capital gains is not paid on land transactions but is essentially a transaction tax which includes the 2%, specific business tax 3.3% of the declared value and 1% withholding of the sales price which can be credited back as a tax credit.
Minimum assessed values for land in Thailand are notoriously low and tax exposure on sale comes down to single digits which by international standards is extremely low.
Another practical side is the often practiced under declaration of the declared value of the land which is illegal but often occurs when the two parties wish to minimized tax. This can come back to bite the purchaser though if they wish to list the full asset in their company books and are unable to do so if an wrong declared value is made.
So in a nutshell this is mostly a case of much ado about nothing, and not such big news after all.

Other News

Read more

C9 Hotelworks Releases Bangkok Serviced Apartment Market Update

Category: Hotels|Tourism, Posted:08 Mar 2025 | 09:17 am According to C9 Hotelworks new Bangkok Serviced Apartment Market Update 2025 report, operators are seeing a surge in short-term demand, despite a rising influx of expatriates. Bangkok’s serviced apartment market has expanded at a 6.2% compound annual growth rate (CAGR) over the past decade, driven by the expansion of international brands such as The Ascott […]
Read more

The C9 Sessions. Property Market Update – Thailand’s Short and Long-Term Rental Market

Category: Hotels|Real estate, Posted:03 Mar 2025 | 16:12 pm The C9 Sessions is headed to Bangkok on Tuesday 11th March 2025. One of the hottest topics out there at the moment is Thailand’s rental market.  With a backdrop of surging tourism numbers vacation rentals are in high demand. While on the investment side, longer term letting is becoming an increasingly attractive yield play for […]
Read more

Gen Z Is Disrupting Travel: Slow, Smart & Experience-Driven

Category: Hotels|Tourism, Posted:23 Feb 2025 | 05:41 am The way  Gen Z travels is reshaping the hospitality and tourism industry. Gone are the days of rigid schedules and whirlwind itineraries—this generation is rewriting the travel playbook, prioritizing slow, meaningful experiences over checklist tourism. The NextGen Thai Travelers 2025 Report, released by C9 Hotelworks in collaboration with Dusit Thani College, reveals how over 600 […]
SiaJai logo

Thailand's Leading Homecare Marketplace