Investing in Thailand: Yields, Appreciation & Ownership
Who can buy, how ownership works, and the taxes and duties for buying property in Thailand.
Who can buy in Thailand
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 |
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) and other transfer-related levies.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| < 5 years | Specific Business Tax (SBT) | 3.3% of appraised or sale price (whichever is higher) | N/A |
| >= 5 years | Stamp Duty | 0.5% of appraised or sale price (whichever is higher) | N/A |
| Individual Seller | Withholding Tax (WHT) | Progressive PIT scale (0-35%) after deductions | Based on years of ownership |
| Corporate Seller | Withholding Tax (WHT) | 1% of sale price or appraised value (whichever is higher) | N/A |
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.
Moving Money Into Thailand to Buy a Condo: What the Land Office Needs
Most advice on buying a condominium in Thailand as a foreigner focuses on the 49% foreign quota. The step that catches buyers out comes earlier, when the money is sent. To register the transfer of a u...
Frequently asked questions about Thailand
Yes. Condo units only; within 49% building foreign quota
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