Phuket's
real estate market has ebbed and flowed, not only
in Asian level but globally. There are lots of foreigners from Japan, Australia
and even Americans are making their way towards this Phuket land. So, if you
are thinking about a shift, hope these questions might help you get to the
right place.
Is Phuket
Apartment for Sale open for non-Thai? Perhaps, foreigners may not own
land freehold Thailand, but however they can register long-term leaseholds over
land and own outright all improvements upon that property. There is a structure
for long term leasehold. It can be indirectly through control of a Thai
corporation.
What
is the property tax in Thailand? Property Tax (or
Rates) does not exist in this kingdom. However, if the building is being used
for commercial purpose, "Structure usage Tax" is assessed. Plus
transfer fees fall under 4 categories:
·
transfer fees 2%,
·
Duty stamp 0.5%,
·
Business tax 3.3%
·
and Income tax (varies as per the
Thai equivalent to capital gains tax)
Even though the precise methods of
calculation are complex, the thumb rule for residential sales, expect the total
fees and taxes, work out to be approximately 2 to 3% of the property market
value. This is split in some degree between the buyer and seller.
Can
I design my own house? If it’s your own single Phuket villas for
sale, you are subjected only to general building codes. Whereas, buy
into a development and there will usually be style and construction guidelines
and minimum standards and time frames to be observed.
What
about standard of management and construction?
Whilst some of the construction on the island is very simple and basic, at the
top end of the market, there are Phuket Homes for Sale
quality now equals or exceeds standards found in the best developments in the
west.
No comments:
Post a Comment