Property Taxes & Legal Essentials
The taxes and fees that apply to owning and transacting Chiang Mai property, plus the headline rules on foreign ownership.
1. Annual Property Tax
Thailand''s Land and Building Tax applies a low annual rate to residential property, with a generous allowance for an owner''s primary home — most owner-occupiers pay little to nothing.
2. Taxes & Fees at a Glance
ค่าธรรมเนียมอัตราหมายเหตุ
Transfer fee2%of appraised value, usually split 50/50.
Specific business tax3.3%on sales within 5 years.
Stamp duty0.5%applies when SBT does not.
Land & building tax0.02-0.10%annual, residential rates.
3. Foreign Ownership Rules
- • Condominiums – foreigners may own freehold within the 49% foreign quota.
- • Land – not held directly; use a registered leasehold or a properly structured Thai company.