Buying Property in Bangkok

Yes. Foreigners can have freehold ownership of a condominium with a Thai title deed (Chanote), within each building's 49% foreign quota. They cannot own land directly, but can hold houses, townhouses or villas indirectly through a Thai company (Thais must hold at least 51%) or a long-term leasehold. A limited 1-rai exception exists for a 40-million-baht qualified investment.Read more

Freehold owners have full, permanent rights to the property with no restrictions on transfer or modification, making it better for resale and lower in overall tax. Leasehold owners sign a contract for a limited period, usually up to 30 years, with limited rights. When buying leasehold, check the transfer clauses, the property's valuation and the lease period carefully.Read more

Four main charges apply: a 2% transfer fee on the appraised value, specific business tax of 3.3% if sold within 5 years (otherwise 0.5% stamp duty), and withholding tax of 1% for companies or a progressive rate for individuals. Taxes are based on the government-appraised value, which since 2022 has been brought closer to market value for condos.Read more

Yes. The 2020 Land and Building Tax Act introduced an annual property tax for both foreigners and locals. For residential property the rate is 0.3% of the appraised value, which is re-evaluated every four years. It is charged on property owned as of 1 January and is payable from April of the same year.Read more

Yes. Under the Inheritance Tax Act of 2015, any inheritance above 100 million baht, including property, is taxable. The rate is 5% for direct family heirs and 10% for anyone else. Spouses are exempt regardless of the value inherited. Estate planning matters for foreign owners with significant Thai property holdings.Read more

It is difficult. Most Thai banks do not lend to non-residents, so foreign buyers usually need a Thai work permit and proof of local income to qualify. Some lenders and a few banks' overseas branches offer loans to foreigners on stricter terms. Many buyers instead use finance from their home country or a developer payment plan to fund the purchase.Read more