What taxes and fees will you have to pay on foreign real estate

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Donating real estate to a foreigner in freehold is also permissible: a deed of gift must be drawn up, which must be registered with the land department. The deed specifies information about the donor, recipient and the object of the gift.

There are some nuances with leasehold property. It can usa telegram database be inherited and gifted, but only if the terms of the lease agreement allow it. Most leasehold agreements in Thailand contain provisions on inheritance that allow the transfer of lease rights to heirs. However, if such provisions are not spelled out, the rights are not always automatically transferred.

Transferring leasehold rights to heirs after the death of the tenant may require a legal procedure, including the execution of relevant documents and possible appeal to the court to establish the rights of the heirs.

And gifting a leasehold property often requires the prior consent of the lessor (the owner of the land or property), as most leasehold agreements contain provisions that restrict or regulate the transfer of leasehold rights.

In addition, it is necessary to conclude a gift agreement between the donor and the recipient, which may also require registration with the relevant government agencies.

In Thailand, when purchasing a leasehold property, the main expenses are the Lease Registration Fee of 1.1% of the contract value or the Stamp Duty of 0.5% of the property value, which were discussed above.