You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

January 5, 2024

Thailand Maintains Reduced Sale and Mortgage Registration Fees

Subscribe to Updates

Thailand has opted to continue its reduction of rates for the sale and mortgage of certain types of properties to Thai individuals, as detailed in two ministerial regulations issued by the Ministry of Interior dated December 28, 2023, and published in the Government Gazette on January 2, 2024.

In recent years, Thailand has allowed a reduction of the government fees for registering the sale and mortgage to Thai individuals of detached houses, semidetached houses, row houses, commercial buildings, the accompanying land, and condominium units with a sale price, official assessed value, and mortgage amount of up to THB 3 million.

The reduced rates for these government fees are as follows:

  • Sale: 1% of the officially assessed value (reduced from the normal rate of 2%).
  • Mortgage: 0.01% of the mortgage amount (reduced from the normal rate of 1%).

To be eligible for the reduced mortgage registration rate of 0.01%, both the sale and mortgage must be registered at the same time. These reduced rates will be valid until December 31, 2024.

For more details on the reduced fees, or on any aspect of property law in Thailand, please contact Chaiwat Keratisuthisathorn at [email protected].

Related Professionals

Practices

Real Estate

Location

RELATED INSIGHTS​ 

May 25, 2018
Section 35 bis of the Consumer Protection Act B.E. 2522 (1979) grants the Contract Committee of the Consumer Protection Board the power to designate “contract-controlled businesses,” in order to control the contents of written contracts between certain businesses and their consumers in the course of sales or services. Designation as a contract-controlled business is intended to ensure that contracts contain necessary terms and conditions and to prevent consumers from being unreasonably disadvantaged by unfair contract terms.
Read More
April 12, 2018
The latest edition of Practical Law Company’s Doing Business in … Global Guide includes a chapter on Vietnam written by lawyers from Tilleke & Gibbins’ Ho Chi Minh City and Hanoi offices. The popular guide, produced in association with Lex Mundi, the world’s largest network of independent law firms, provides the ins and outs of establishing and operating a business in more than 50 jurisdictions worldwide.The Vietnam chapter covers the following main topics:
Read More
April 2, 2018
With technology playing an increasingly crucial role in modern life, many countries are turning to the high-tech park model to promote science and technology and attract domestic and overseas investment. High-tech parks are strategically planned hubs connecting research and development activities with high-tech manufacturing and information-based services like software development, and often provide additional amenities like training centers and housing. These parks typically offer many incentives to companies to attract investment projects.
Read More
March 22, 2018
Multilaw has launched the 2018 edition of its Global Real Estate Guide, including chapters for Cambodia, Laos, Myanmar, Thailand, and Vietnam provided by Tilleke & Gibbins.
Read More