What are the total fees when purchasing property in Thailand?
For example, if you buy property worth approximately 133,000 EUR, the total fees may look like this:
- Civil transaction tax: 2% of 133,000 EUR = 2,660 EUR
- Registration fee: 0.01% of 133,000 EUR = 13 EUR
- Notary fees: 1.5% of 133,000 EUR = 1,995 EUR
- Insurance: 270 EUR (example amount, depends on policy)
Total fees: Approximately 4,938 EUR (excluding capital gains tax and other potential costs).
Total fees for purchasing property in Thailand can vary significantly depending on property value and local regulations. It’s advisable to plan for additional expenses to avoid unpleasant surprises during the purchase process. Consulting a local lawyer or advisor for detailed cost information is always a good idea.