{"id":24970,"date":"2025-04-21T15:00:40","date_gmt":"2025-04-21T08:00:40","guid":{"rendered":"https:\/\/www.kwthailand.com\/%e0%b9%84%e0%b8%a1%e0%b9%88%e0%b8%a1%e0%b8%b5%e0%b8%ab%e0%b8%a1%e0%b8%a7%e0%b8%94%e0%b8%ab%e0%b8%a1%e0%b8%b9%e0%b9%88\/24970\/"},"modified":"2025-04-22T14:38:48","modified_gmt":"2025-04-22T07:38:48","slug":"a-guide-to-buying-real-estate-for-foreigners-in-thailand","status":"publish","type":"post","link":"https:\/\/www.kwthailand.com\/en\/information-articles-en-2\/24970\/","title":{"rendered":"A guide to buying real estate for foreigners in Thailand"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">A simple step-by-step guide for foreigners<\/h2>\n\n<p>Navigating the Thai <strong>property<\/strong> market can be challenging for expatriates, but this guide will provide you with key information on the process of buying and selling property in the country, explaining everything from ownership rules to tax implications, so you can make an informed decision.<\/p>\n\n<h2 class=\"wp-block-heading\">How can foreigners own property in Thailand?<\/h2>\n\n<p>Foreigners can purchase certain types of property in Thailand, but there are the following restrictions:<\/p>\n\n<ol class=\"wp-block-list\">\n<li>condominium<br\/> <strong>Ownership<\/strong> : Yes \u2013 Can be owned as Freehold (with the limitation that 49% of the building can be owned by foreigners)<\/li>\n\n\n\n<li>land<br\/> <strong>Ownership<\/strong> : No \u2013 Foreigners cannot directly own land, but can lease land, marry a Thai national, or use a legal Thai company.<\/li>\n\n\n\n<li>House\/Villa<br\/> <strong>Ownership<\/strong> : Partial \u2013 Foreigners can own the house (building) but cannot own the land on which it is situated.<\/li>\n<\/ol>\n\n<h2 class=\"wp-block-heading\">The process of buying real estate in Thailand<\/h2>\n\n<ol class=\"wp-block-list\">\n<li>Select Real Estate<br\/> &#8211; Work with agents to find the right property<br\/> &#8211; Check whether the condominium quota for foreigners is full.<\/li>\n\n\n\n<li>Book a room\/land<br\/> &#8211; Sign the reservation form and pay the deposit.<\/li>\n\n\n\n<li>Signing of the sales contract<br\/> &#8211; Review terms, payment schedules, and check the legal status of the property.<\/li>\n\n\n\n<li>Transfer money from abroad<br\/> You must transfer money in foreign currency and apply for a Foreign Exchange Certificate (FET).<\/li>\n\n\n\n<li>Transfer of ownership at the land office<br\/> Pay the remaining balance, register the transfer of ownership and pay taxes at the Land Office.<\/li>\n<\/ol>\n\n<h2 class=\"wp-block-heading\">Taxes and fees for purchasing real estate<\/h2>\n\n<ol class=\"wp-block-list\">\n<li>Transfer Fee<br\/> The buyer will pay the fee, which is 2% of the appraised value.<\/li>\n\n\n\n<li>revenue stamp<br\/> The seller pays a fee of 0.5% of the selling price and is only applicable when no Specific Business Tax (SBT) is applicable.<\/li>\n\n\n\n<li>Specific Business Tax (SBT)<br\/> Seller pays 3.3% of the sale price or appraised value if sold within 5 years and not used as a primary residence.<\/li>\n\n\n\n<li>Withholding Tax (WHT)<br\/> Seller pays 1% for companies or an amount calculated based on income range for individuals.<\/li>\n\n\n\n<li>Maintenance cost<br\/> The buyer will pay the maintenance fee, which depends on the size of the condo (per square meter).<\/li>\n<\/ol>\n\n<h2 class=\"wp-block-heading\">Selling Real Estate in Thailand: What Foreigners Need to Know<\/h2>\n\n<ol class=\"wp-block-list\">\n<li>Withholding Tax (WHT)<br\/> Sellers pay 1% for companies or between %\u201335% % for individuals, depending on their income group.<\/li>\n\n\n\n<li>Specific Business Tax (SBT)<br\/> 3.3% of the selling price or assessed value if sold within 5 years and not used as a primary residence.<\/li>\n\n\n\n<li>revenue stamp<br\/> Seller pays 0.5% if no SBT is charged.<\/li>\n\n\n\n<li>Transfer Fee<br\/> The buyer pays the fee, which is usually split between the buyer and seller at 2%.<br\/><\/li>\n<\/ol>\n\n<h2 class=\"wp-block-heading\">Example: Selling a condo for 5 million THB after 3 years.<\/h2>\n\n<p><strong>Specific Business Tax (SBT)<\/strong> : 3.3% of 5 million THB = 165,000 THB<br\/> <strong>Withholding Tax (WHT)<\/strong> : 1% of 5 million THB = 50,000 THB<br\/> <strong>Stamp Duty<\/strong> : None (because SBT has used it)<br\/> <strong>Transfer fee<\/strong> : 50,000 THB (shared with buyer)<\/p>\n\n<h2 class=\"wp-block-heading\">Tips for Foreign Sellers<\/h2>\n\n<ol class=\"wp-block-list\">\n<li>Foreign Exchange Equity Certificate (FET)<br\/> Make sure you get a FET certificate when you buy a property so you can take the proceeds from the sale back overseas.<\/li>\n\n\n\n<li>Seek professional help<br\/> You should consult a lawyer or accountant to ensure that your tax calculations are correct.<\/li>\n\n\n\n<li>Negotiation<br\/> For condominiums that are for sale, negotiations on who will pay the taxes can be made (there is no fixed schedule).<\/li>\n<\/ol>\n\n<h2 class=\"wp-block-heading has-text-align-left\">Summary: Key Points to Remember<\/h2>\n\n<p><strong>Condominium Ownership<\/strong> : Foreigners can purchase condominiums (in a freehold format), but cannot own land.<br\/> <strong>Foreign Currency<\/strong> : The funds to be used to purchase the property must come from abroad in a foreign currency.<br\/> <strong>Documents to prepare<\/strong> : Make sure you have the FET documents for transferring money and registering the title at the land office.<br\/> <strong>Taxes<\/strong> : Taxes related to the sale of real estate include WHT, SBT, stamp duty, and transfer fees.<br\/> <strong>Legal protection<\/strong> : A lawyer should be used to handle contracts, verify the validity of the property, and comply with tax requirements.<\/p>\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A simple step-by-step guide for foreigners Navigating the Thai property market can be challenging for expatriates, but this guide will provide you with key information on the process of buying and selling property in the country, explaining everything from ownership rules to tax implications, so you can make an informed decision. How can foreigners own [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[812],"tags":[],"class_list":["post-24970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information-articles-en-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A guide to buying real estate for foreigners in Thailand - KW Thailand<\/title>\n<meta name=\"description\" content=\"Thai real estate can be challenging for foreigners, but this guide will provide you with important information about the steps involved in buying and selling property.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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