Investing in Surin: Yields, Appreciation & Ownership
Who can buy, how ownership works, and the taxes and duties for buying property in Surin.
Who can buy in Surin
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 Surin.
Stamp duty and registration in Phuket
Stamp duty in Thailand is typically 0.5% of the property's value, applied to the higher of the assessed or contract value.
| Property value | Stamp duty | Registration |
|---|---|---|
| All property values | 0.5% (if SBT not applicable) | 2% Transfer Fee |
Phuket rule, applies in Surin.
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 the progressive personal income tax scale for individuals.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| Less than 5 years | Specific Business Tax (SBT) | 3.3% of appraised or sale value (whichever is higher) | N/A |
| More than 5 years | Withholding Tax (Individual) | Progressive rates (5-35%) based on ownership duration and assessed value | Deductions based on years of ownership |
| Any | Withholding Tax (Corporate) | 1% of appraised or sale value (whichever is higher) | N/A |
| Non-resident individuals | Capital Gains Tax | 15% | N/A |
Thailand rule, applies in Surin.
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 Surin
Yes. Condo units only; within 49% building foreign quota
Buying or selling in Surin?
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