Executive Summary In the context of Thailand's economic system and property laws, the enforcement of the Land and Building Tax Act B.E. 2562 (2019)  represents the most significant structural change in decades. It shifted the tax base from "Rental Value" to "Appraisal Value," reflecting the true asset value. However, the complexity of the tax structure, particularly for the Tax Year 2026 (B.E. 2569) —marked by complications from deadline extensions and rate increases for vaca

Executive Summary: Ending the Era of Leniency, Facing Tax Reality In Thailand's legal and real estate economic landscape, this period marks the most significant transition since the enactment of the Land and Building Tax Act B.E. 2562 (2019) . For nearly five years, property owners and developers have operated under a "transitional umbrella," consisting of provisional clauses, COVID-19 relief measures (which reduced tax by up to 90%), and frozen appraisal values. However, leg

In Thailand, when a landowner or holder of land title deeds, such as Nor Sor 3, Nor Sor 3 Kor, or Nor Sor 3 Khor, passes away, the land...

Many people are now considering second-hand houses for residency due to the high cost of new homes. Interestingly, the benefits of a...

In Thailand, the term "foreigner" in legal contexts is referred to as "alien," denoting individuals without Thai nationality or juristic...

Acquiring land or engaging in legal transactions concerning immovable property, such as land or buildings, necessitates registration with...

In Thailand, foreigners have the option to lease land according to regulations outlined in a previous article, allowing for lease...

Many homeowners in Thailand who have purchased housing developments or townhouses often consider expanding their living spaces, with...

"Usufruct" represents a significant legal right that can greatly benefit investment in the real estate sector. When properly applied to...