Taxes on property acquisition and transfer (freehold)
Capital Gains Tax
Capital gains from the disposal of assets by individuals are treated as personal income and taxed at the individual’s tax rate.
Every person, resident, or non-resident who derives assessable income from employment or business in Thailand or has assets in Thailand is subject to personal income tax, whether such income is paid in or outside Thailand. The tax is applied on a graduated scale ranging from 5% to 37%, based on the assessable income and subject to deductibles and allowances.
Exemptions are granted to certain persons, including United Nations officers, diplomats, and certain visiting experts, under the terms of international and bilateral agreements.
Tax on Rental Income
This tax is charged at between 10% and 30% of the rental income, depending on the type of property leased.