Property sale registration & Tax
Submitted to the Land Department
Seller	Transfer fee1	SBT tax2	Withholding tax3
Individual	2%	3.3%	Progressive rate
Juristic person	2%	3.3%	1%

1. Transfer fee	2% of the official appraised value
2. SBT tax	3.3% of the actual selling price or the official appraised value which is higher.If the seller owns the land (condominium) more than 5 years, subject to duty stamp 0.5% of .the actual selling price or the official appraised value which is higher
3. Withholding tax	Individual - Progressive rate of the official appraised value Juristic person - 1% of the actual selling price or the official appraised value which is higher

Individual
Tax range
Schedule of the progressive Rate
not more than 150,000			0%
150,000 - 500,000			10%
500,000 - 1,000,000			20%
1,000,000 - 4,000,000			30%
more than 4,000,000			37%
Example :
You sell the land you own for 4 years for the price of 4,000,000 baht,		official appraise value is 3,000,000 baht
Transfer fee	60,000.00 Baht
SBT tax	132,000.00 Baht
Withholding tax	progressive rate as below
Year of Ownership		Deductible Allowance
1 year		92%
2 years		84%
3 years		77%
4 years		71%
5 years		65%
6 years		60%
7 years		55%
8 years up		50%
Less 71% allowance (4 years)		2,130,000.00
total income after deducted allowance		870,000.00
One year income		217,500.00
Tax range 10% (not more than 500,000)		6,750.00
total withholding tax of 4 years		27,000.00
Note : For personal income tax, the seller has 2 choices for tax submission to The Revenue Department
1. submit income tax and calculate by progressive rate (more income, more tax paid)
2. not submit this income as already paid at the Land Department at 27,000 Baht. (***mostly used)
Juristic person
Example :
You sell the land you own for 4 years for the price of 4,000,000 baht,		official appraise value is 3,000,000 baht
Transfer fee		60,000.00
SBT tax		132,000.00
Withholding tax		40,000.00
Note : Income of Land Sale has to be shown in the Financial Statement to calculate the corporate income tax
Tax Rate
1. 30% (share capital over 5 MB)
2. SME (share capital not over 5 MB), see tax range below :
	1-150,000	0%
	150,001-1,000,000	15%
	1,000,001-3,000,000	25%
	3,000,0001 over	30%