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Thailand Cuts Property Transfer Fees to 0.01%: Who Qualifies and What Foreigners Pay
This material was prepared with the help of artificial intelligence. Please check key figures and terms with our adviser.
Responsible for content: Leonid Ustinov, Aster Of Asia Co., Ltd.
Updated 10.10.2026. An earlier version of this article said that foreign buyers also get the reduced 0.01% fee. That was wrong. The reduced rate applies only to Thai nationals buying as individuals; a foreign buyer pays the standard 2% transfer fee on the assessed value. The text below has been corrected.
Thailand has extended its reduced fee for registering a transfer of ownership: 0.01% of the assessed value instead of the standard 2%. The Ministry of Interior notifications were published in the Government Gazette on 1 July 2026, and the reduced rate runs until 30 June 2027.
The key point for a foreign buyer: this measure is not for you. Only a Thai national buying as an individual gets the reduced rate. A foreigner buying a freehold condominium unit pays the same 2% as before.
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Quick Answer
- The transfer fee is cut from 2% to 0.01% of the assessed value for Thai nationals only (individuals)
- Condition: the purchase price and the assessed value must each be no higher than 7 million baht
- Period: 1 July 2026 to 30 June 2027
- A foreign buyer pays the standard 2%: on an assessed value of 7 million baht that is about 140,000 baht, not 700
- Companies do not qualify: the relief is for individuals only
- Other costs are unchanged: the 3.3% specific business tax or the 0.5% stamp duty, plus the seller's withholding tax
Who gets the relief and who does not
The measure is targeted at Thai buyers of mid-priced homes. It covers condominium units, villas and townhouses together with their land, provided the buyer is a Thai national and the price and assessed value do not exceed 7 million baht.
If the buyer is a foreigner, the 0.01% rate does not apply, even if the unit costs less than 7 million baht and the deal closes while the relief is in force. Getting this wrong is expensive: a buyer expects a fee of a few hundred baht, and the Land Office asks for 200 times more. We cover this case in detail in Thailand's 49% Foreign Ownership Quota: Why Buyers Pay 140,000 Baht Instead of 700.
What a foreign buyer actually pays
The transfer is registered at the local Land Office. All fees and taxes are assessed and paid there on the day of the transfer, and the registration does not go ahead without payment. There are four main items:
| Item | Rate | Who pays |
|---|---|---|
| Transfer fee | 2% of the assessed value | by agreement; on resales it is often split 50/50 |
| Specific business tax (SBT) | 3.3% | the seller, if it is a company or has owned the property for less than 5 years |
| Stamp duty | 0.5% | paid instead of SBT when SBT does not apply |
| Withholding tax | 1% for a company, progressive scale for an individual | the seller |
The standard rates are the same for Thai and foreign buyers; the temporary 0.01% relief is the only exception, and it is for Thai nationals only. A foreign buyer also needs available foreign quota in the building and a bank FET form confirming that the money came from abroad.
Taxes are calculated on the assessed value set by the state (for some items, on the higher of the assessed value and the contract price). The assessed value can differ from the market price. Understating the price in the contract is illegal.
More on each item: taxes and fees on a condominium transfer and specific business tax.
Worked example
A condominium unit with an assessed value of 7 million baht:
- buyer is a Thai national: 0.01% = 700 baht
- buyer is a foreigner: 2% = 140,000 baht
The difference is 139,300 baht. The exact amount depends on the Land Department's assessed value, not on the advertised price, so confirm it before you sign.
FAQ
Do foreigners get the reduced 0.01% fee?
No. The relief applies only to Thai nationals buying as individuals. A foreigner pays the standard 2% of the assessed value.
How long does the relief last?
From 1 July 2026 to 30 June 2027. No extension beyond that date has been announced.
What must a Thai buyer meet to qualify?
Be a Thai national buying as an individual, with a purchase price and an assessed value of no more than 7 million baht each.
Can I get the relief by buying through a Thai company?
No, the relief is for individuals only. Owning property through a company with nominee Thai shareholders is also illegal.
Who pays the 2% fee, the buyer or the seller?
The contract decides. On resales the fee is often split in half, but that is custom, not law. If a developer promises to cover it, make sure the contract says so.
Have the specific business tax and stamp duty changed?
No. SBT of 3.3% and stamp duty of 0.5% are unchanged and mutually exclusive: only one of the two is paid.
Where can I check current rates before the deal?
At the Land Office for the property's location, before the transfer day. General information is published on the Department of Lands website, dol.go.th.
When you plan a budget as a foreign buyer, use the standard rates, not the reduced ones. And before you pay a deposit, write into the contract who pays each of the four items: that single line prevents most disputes on transfer day.
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