Investing in Chalong: Yields, Appreciation & Ownership
Who can buy, how ownership works, and the taxes and duties for buying property in Chalong.
Who can buy in Chalong
Under Thailand's Condominium Act 1979, foreigners can own condo units freehold provided total foreign ownership in a building does not exceed 49% of floor area. Foreigners cannot own land. A Foreign Exchange Transaction (FET) form proving foreign currency inflow is required.
| Buyer | Permitted | Tenure | Conditions |
|---|---|---|---|
| Thai Citizen | Yes | Freehold | UnrestrictedApproval: Land registry |
| Foreign National (condo within 49% quota) | Yes | Freehold | Condo units only; within 49% building foreign quotaApproval: FET form + Land Office registration |
| Foreign National (land or quota full) | Conditional | Leasehold | Leasehold up to 30 years renewable; no direct land ownershipApproval: Land Office registration |
Thailand rule, applies in Chalong.
Stamp duty and registration in Phuket
Property transactions in Phuket are subject to a transfer fee and stamp duty. The stamp duty is typically 0.5% of the appraised value and applies if Specific Business Tax is not charged.
| Property value | Stamp duty | Registration |
|---|---|---|
| All | 0.5% (if SBT not applied) | 2% (transfer fee) |
Phuket rule, applies in Chalong.
Capital gains on a sale
Thailand does not have a standalone capital gains tax. Instead, profits from property sales are subject to withholding tax, calculated based on personal income tax rates and ownership duration. Specific Business Tax may also apply.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| < 5 years | Individual/Company | 1-3% (effective) + 3.3% SBT | N/A |
| >= 5 years | Individual/Company | 1-3% (effective) | N/A |
Thailand rule, applies in Chalong.
Always consult a licensed real estate attorney before purchase. Rules change; verify current law. Always confirm with a qualified tax professional. Rules change; verify with a professional before you transact.
Frequently asked questions about Chalong
Yes. Condo units only; within 49% building foreign quota
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