Rental Disputes in Thailand
Alex had been renting a flat in Chiang Mai for eight months. Recently, he faced rental disputes in Thailand with his landlord. Due to his busy work schedule, he was unaware of the payment notices sent by his landlord. To his surprise, the landlord arrived a week later and demanded that he vacate the premises […]
Top 4 risks to avoid for Chinese Real Estate Investors
You won’t believe Chinese real estate investors purchased 4,300 residential units worth 20.2 billion baht in 2024. Amazing isn’t it? For the last 15 years, Thailand offered apartments to Chinese families at affordable rates. Meanwhile, in Shanghai, average housing prices range from $6,800 to $8,400 per square meter. However, a foreign real estate investor in […]
New Property Tax Rates in Thailand
The deadlines are approaching! Therefore, if you are an owner of land or building in Thailand, you must know about the new tax rates and reductions. Although announced in December 2022, many of you might have missed out on the details. Now as the extended deadlines are nearing, we take it our responsibility to update […]
Do You Have to Pay Property Tax in Thailand?
Your property in Thailand can be a source of your income. Even if not, there are real estate regulations in Thailand that can obligate you to pay taxes for the same. You may earn by selling your property, or, gain from the rent you receive from them. Based on the type of your tax entity […]
How Foreigners Can Buy Industrial Land in Thailand?
There are various restrictions for foreigners to buy land in thailand. The same goes valid if he/she wants to buy industrial land in Thailand. But there are few exceptions and legal processes that can take them out of this complicacy. This article intends to educate you on the various regulations, processes and terms that are […]
Personal Income Tax in Thailand on Rental Properties
For rental properties in Thailand, foreign investors can hold the property in their own name or through an offshore company. Moreover, the preferable ownership structure will necessitate a thorough examination of the associated costs and benefits. Additionally, it takes into consideration the owner’s special circumstances. However, the foreign leaseholder will fall in the bracket of […]
Property Taxes in Thailand: No Change in 2022
Are you a Property Owner in Thailand? Or are you planning to Purchase a Property in Thailand? In any or both the cases, you must have an apt knowledge about the recent protocols on Property Taxes in Thailand. According to Finance Minister Arkhom Termpittayapaisith, the land and building tax is still granting a payment discount […]
Usufruct in Thailand
Usufruct Laws play a significant role in the real estate industry of Thailand. Especially, when it comes to temporary possession of the property. A usufruct, or “Sidhi-kep-kin” in Thai, offers temporary ownership rights for the use and pleasure of a property. Additionally, it provides the benefit of being able to profit from the profits of […]
Off-Plan Condo Purchase in Thailand
Are you planning to do an off-plan condo purchase in Thailand? Condominium Purchase in Thailand is allowed for foreigners, but, when it goes off-plan, there are various risks associated with the same. Before going into deep analysis, let us first know what is an off-plan condominium? What is Off-Plan Condominium/Property? A Condominium that has not […]
Land Ownership for Foreigners in Thailand
Foreigners enjoy the same property rights as Thai residents under the Thailand Civil and Commercial Code. However, land ownership for foreigners in Thailand is not possible under the Land Code Act B.E. 2497 (1954). Land ownership for foreigners in Thailand is not normally possible for all types of freehold real estate, land, or house. But, […]
