Reduction of transfer and mortgage fees for residential property
On 17 January 2022, the Government published a notification of the Ministry of Interior in the Government Gazette to reduce the transfer fee from 2% to 0.01% and the mortgage fee from 1% to 0.01%.
Keywords: Mazars, Thailand, Tax, Residential property, Ministry of Interior, Government Gazette
15 February 2022
The fee reduction shall be applicable to the following cases:
- The transfer of real estate which is a residential building categorized as a single house, a semi-detached house, a townhouse, a commercial building, or land with such a building.
- The purchase price and the appraised price of real estate is not more than THB 3 million.
- The registration of the transfer and the mortgage is made at the same time.
- The buyer is a Thai citizen.
The fee reduction shall be effective from 18 January 2022 to 31 December 2022.