What a Thai property transaction costs

The Department of Lands publishes what a transfer of immovable property attracts. A registration fee of 2 per cent of the appraised value. Specific business tax at 3.3 per cent including local tax. Stamp duty at 0.5 per cent where specific business tax is not payable. Withholding tax of 1 per cent where the transferor is a juristic person, and where the transferor is an individual, calculated from the appraised value by the method set out in the Revenue Code. Each of those is worked out on the higher of the appraised value and the price the applicant declares, so declaring a lower price does not take the bill below the appraisal. Who carries which charge is a matter for the contract rather than the statute. It is one of the things a sale agreement exists to record.