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Taxes on real estate registration in Thailand reduced


Today (Monday, 13 October 2015), the Cabinet of Ministers approved a draft law and a series of economic measures to revitalize the real estate market in Thailand.
According to him, from the September 19, 2015 will start the new tax rates when buying a home (transfer fee) c 2% to 0.01% and the mortgage fee from 1% to 0.1%.
An added bonus get buyers of homes costing less than 3 million. Baht. Starting from December 31, 2015, they will be able to reduce their cost of taxation on 20% of the cost for 5 years. Apisak Tantivorawong Finance Minister and Deputy Prime Minister Somkid Jatusripitak added that this decision was taken in order to help citizens with low incomes.
Materials: Bangkok Post.