Investing in Nai Harn: Yields, Appreciation & Ownership
Who can buy, how ownership works, and the taxes and duties for buying property in Nai Harn.
Who can buy in Nai Harn
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 Nai Harn.
Stamp duty and registration in Phuket
Stamp duty in Thailand is typically 0.5% of the registered value of the property, usually paid by the seller.
| Property value | Stamp duty | Registration |
|---|---|---|
| All | 0.5% of registered value (if SBT not applicable) | 2% transfer fee (typically split 50/50 between buyer and seller) |
Phuket rule, applies in Nai Harn.
Capital gains on a sale
Thailand does not have a standalone capital gains tax. Instead, profits from property sales are subject to personal income tax (PIT) for individuals, calculated on a progressive scale after deductions based on ownership duration.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| Less than 5 years | Individual | Progressive PIT (0-35%) + Specific Business Tax (3.3%) | Deductions based on years of ownership |
| More than 5 years | Individual | Progressive PIT (0-35%) + Stamp Duty (0.5%) | Deductions based on years of ownership |
| Any | Company | Corporate Income Tax (0-20%) + Withholding Tax (1%) + Specific Business Tax (3.3% if applicable) | N/A |
Thailand rule, applies in Nai Harn.
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 Nai Harn
Yes. Condo units only; within 49% building foreign quota
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