Whether you are buying a property in Thailand or selling a Thai property, the transfer of ownership is something that must be done. This can be complicated and you should seek the help of a Thailand law firm to assist with all aspects of your property transaction.
The first step of the process is to obtain a land title deed (Chanote) for your property. This is a crucial document to your purchase and will be required by the bank for the transfer of ownership, as well as by the Land Department of Thailand to register the sale of your property. It is a legal document that you should have a lawyer review before signing it.
Once you have obtained your Chanote, the next step is to obtain a registration form from the Land Office. You will need to fill in all the details of the transaction, including your name and address. You will also need to bring the original documents that you obtained from the developer, including the Sales and Purchase Agreement.
You will need to make a payment to the Land Office for the registration of your ownership transfer by cash or a cheque. You will also need to pay a withholding tax if you are not a resident of Thailand, and it is estimated that this will amount to around 1% of the value of the property sold or the municipal value, whichever is higher.
Your lawyer will be able to explain the tax system in more detail, as there are some complicated rules and regulations that must be followed. They will be able to guide you through the entire process, and you will be able to find out more about your options when it comes to purchasing your property in Thailand.
The land transfer process in Thailand can be very confusing and complicated, as there are many different types of tax that you must be aware of. You should be sure to consult a Thai lawyer before making any decisions about your property transaction, as you may end up paying more than you expected.
Purchasing a Condo in Thailand is a great way to save money on your property and enjoy the benefits of condominium living. However, you need to ensure that the Condo you are purchasing meets all the requirements under condominium laws in order to be registered as a foreigner freehold ownership.
In addition, you will need to obtain a copy of your ID card or passport. The Land Department will need these documents to verify your identity and to register you as a foreigner freehold owner of the property.
Once you have your documents ready, the next step is to schedule a time at the Land Office in your locality that you wish to complete your ownership transfer. Depending on how busy the officers are at that time, it can take up to six hours or more.
When you arrive at the Land Office, you will need to check in and get a queue number. You will then need to present all the documents and pay the corresponding fees and taxes for your property transfer. The Land Office will then give you a certificate of completion.