Latest Phuket Property News

04/03/2010 - Thailand Property Transfer Fees Back to Normal

Purchasers and developers have until 26th March 2010 to take advantage of the property transfer rebates introduced by the Thai government in 2008.

To revive demand in the real estate market, the Thai government implemented a property transfer incentives policy in 2008. Under the policy, purchasers and developers enjoy rebates on registration fees and specific business tax. The incentives were valid for one year, but were extended for another year.

Despite being lobbied for a second extension, the Thai government has announced that the incentives will end on 28th March 2010, and the original rates will again apply. Interested parties are urged to register the transfer of their immovable properties by Friday, 26th March 2010 to take advantage of the reduced rates.

Contact us for more information on the revised rates.

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