On November 1st 2019, the Thai Ministry of Interior published two announcements regarding the fees for property registrations. One announcement is related to condominiums, the other announcement for land and buildings. According to the notifications, the registration fee for the transfer of ownership of a condominium, or a land and building at the Land Office will be reduced from 2% to 0.01%. The reduction only applies if the value of the condominium, or land and building, does not exceed 3 million THB.
The fee for the registration of a mortgage on a condominium, or land and building at the Land Office will be reduced from 1 percent to 0.01 percent if the value of the mortgage is not more than 3 million THB.
This regulation is effective since November 2nd, 2019 and until December 24th, 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.