Taxes and fees when you buy a new-build in Pattaya

At transfer

• Transfer fee: 2% of the Land Department's appraised value. The standard-form contract has the developer bear half.
• Specific business tax (3.3%) and withholding tax: these are the seller's taxes and the developer pays them.
• Stamp duty (0.5%): not charged where specific business tax applies, which is the case on a developer sale.
• Mortgage registration (1% of the loan): only if you borrow from a Thai bank.

The temporary fee cut does not apply to foreign buyers

The government has reduced the transfer and mortgage registration fees to 0.01%, currently until 30 June 2027. It applies only to Thai individuals buying homes of ฿7 million or less. Foreign buyers pay the normal rate.

At handover

• Sinking fund: a one-off payment per square metre into the building's reserve.
• Common area fees in advance, often for the first year.
• Deposits and connection charges for the electricity and water meters.

Every year

Where a developer has published its common fee and sinking fund, both are shown on the project page.

• Common area fees, per square metre per month.
• Land and Building Tax. The residential rate starts at 0.02% of the appraised value, so on most condominiums it is a small sum. A second home gets no exemption.
• Income tax on any rent you receive.

When you sell later

As a seller you pay specific business tax of 3.3% if you sell within five years, or stamp duty of 0.5% if you have owned for longer, plus withholding tax worked out from the appraised value and how long you have owned. Who pays the transfer fee is agreed with your buyer.