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​ 

April 17, 2020
On April 15, 2020, Vietnam’s Prime Minister Nguyen Xuan Phuc agreed to a proposal to extend the country’s social distancing measures under Directive 16 for at least one more week in risk-categorized provinces and cities. These measures, including a prohibition on public gatherings of more than two people and a suspension of public transportation services, were originally put in place for the period from April 1 to April 15.
Read More
April 16, 2020
On April 15, 2020, the Lao Prime Minister’s Office issued Notification No. 481/PMO, which provides further recommendations on the implementation of PM Order No. 06/PM issued on March 29, 2020, including the extension of the earlier lockdown measures imposed in Laos to May 3, 2020, and reiterating that measures to tackle the COVID-19 pandemic should remain in effect until further notice. 
Read More
April 16, 2020
On April 8, 2020, the Government of Vietnam issued Decree No. 41/2020/ND-CP, which took effect on the same day, on deferral of payment of taxes and land rental (“Decree 41”). This is considered a relief measure for taxpayers amid the COVID-19 epidemic.Decree 41 provides for extension of the deadline for tax payment for a number of taxpayers, including companies in many sectors, small and extra-small enterprises, and credit institutions providing supporting services for clients affected by the COVID-19 epidemic.
Read More