Investing in real estate in Thailand

7 good reasons to buy real estate in Thailand

• Rental yields of up to 10%/year for serviced residences.
• The legal possibility of owning your own property
• Attractive tax structure: no property tax, rental income taxed at 8-12%.
• Real estate prices are attractive, with top-of-the-range amenities and services.
• Tax treaty avoids double taxation between France and Thailand
• No inheritance tax for direct heirs
• Demand for housing is growing, with properties appreciating by more than 5%/year

Homeopathic real estate taxation

Thailand does not have the same tax burden as France:

• No property tax
• No inheritance tax,
• Very low taxes on property income for non-residents
• Declaration of rental income in Thailand with a low tax rate and non-taxation in France thanks to a double tax treaty.

Taxes and fees :

• Transfer fee: 2% of estimated value
• Special Business Tax: 3.3% on the estimated or actual value of the property (whichever is higher), in the event of resale within 5 years.
• Resale : Stamp duty: 0.5% on the estimated or actual value of the property (whichever is higher) in the event of resale after 5 years.
• Witholding tax: 1 to 3%.

For a purchase, the average rate is between 3% and 6% of the value of the property. In practice, these costs are shared between the buyer and the seller.