Investing in Kamala: Yields, Appreciation & Ownership
Who can buy, how ownership works, and the taxes and duties for buying property in Kamala.
Who can buy in Kamala
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 Kamala.
Stamp duty and registration in Phuket
When transferring property in Thailand, buyers and sellers incur various fees, including stamp duty, transfer fees, and specific business tax (if applicable).
| Property value | Stamp duty | Registration |
|---|---|---|
| All | 0.5% of appraised value | 2% of appraised value (transfer fee) |
Phuket rule, applies in Kamala.
Capital gains on a sale
Capital gains from property sales in Thailand are generally subject to income tax. For individuals, the gain is added to other income and taxed at progressive rates, with certain deductions and exemptions possible depending on.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| Less than 1 year | Income Tax | Progressive (up to 35%) | No |
| 1 to 5 years | Income Tax | Progressive (up to 35%) | Yes (deduction for expenses) |
| More than 5 years | Income Tax | Progressive (up to 35%) | Yes (deduction for expenses) |
Thailand rule, applies in Kamala.
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 Kamala
Yes. Condo units only; within 49% building foreign quota
Buying or selling in Kamala?
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