Scheme of sale of real estate in Thailand

To execute all necessary documents in person or at a distance. In this case, a contract is drawn up using e-mail and firms engaged in services Express mail.

Such norms are formally accepted in this country.

The transaction of purchase and sale of real estate in Thailand can provide a variety of payment plan - pay the entire amount, payment in installments, a mortgage. I must say that mortgage loans to foreigners here n e is welcome, but loans are available for up to 10 years, depending on each specific situation.

In addition, developers can provide payment by installments for up to 5 years. However, the transaction will be registered with the Land Department only when the amount is paid in full.

After the new owner receives a document of title. It is issued in the Thai language and contains information on all previous sales of the object. Chanot (the so-called this document), issued to an alien looks exactly like the one that is issued to residents of Thailand.

When conducting a transaction, the parties pay additional fees:

• Stamp duty – 0.5% of the value of the property
• The tax on transfer of ownership – 2% of the property value
• Business tax is charged in cases where the object was resold during the last 5 years and 3.3% of project cost

If the property is acquired by a legal person, then additionally charged:

• Registration of the company – 30 thousand baht
• Tax on turnover – 1% According to the regulations, the taxes, the parties shall pay in equal shares, and all other duties by mutual agreement.

Also during the transaction the seller is the agent's Commission is 3-5% of the transaction amount and the customer pays for the services of a lawyer is the amount of 20-30 thousandYach baht.

All of these payments are essential for transactions on the sale of real estate in Thailand.