📣 House and land transfer fee

📣 House and land transfer fee

Buying and selling land house or condo Most people tend to think that it's just about paying installments and paying rent. but actually We have to pay for the transfer of land or transfer of the house, and there are other expenses as well.

In this article, we will talk about what the “transfer fee” is if we are transferring a house. What documents are required? We have more knowledge and answers for you.

🔸 What is the transfer fee?

Is that we have to pay for the transfer of ownership to the Land Department together with the seller. We will be responsible for the cost of each part. There is no fixed rule of who has to pay what part of the expenses. Subject to agreement between buyer and seller. In most cases, the seller is responsible for business taxes, duties, income taxes. We are responsible for the mortgage fee. and the part that must be paid in conjunction with the seller is half transfer fee

🔸 Buying and selling expenses

- Duty fee is 0.5% of the purchase price. must not be less than the appraised value If we have already paid for a specific business We do not have to pay any duties again.

- The transfer fee is 2% from the capital appraisal.

- Specific business tax is 3.3% of the selling price and the appraised value. Whichever one is the higher price. But if we have already paid for a specific business We do not have to pay the duty in item 1 again.

- Income tax is a deduction of expenses based on the year we hold. Use the principles of the Revenue Department

- Mortgage fee is 1% of the mortgage amount with the bank. The price is high, not more than 200,000 baht.

🔸 Expenses according to individual style

1. In the case of inheritance transfer

- Recipients are relatives, siblings, and adopted children. Registration fee is 2% of the appraised value. Other expenses are not included.

- The recipient is a child, grandchild, great-grandchild, Lue, or spouse pays 0.5% registration fee of the appraised value.

2. In the case of giving to relatives

legally transferred to children

- Duty fee 0.5% of appraised value

- Fee 0.5% of appraised value

- personal income tax (except when the transfer is not more than 20,000,000 baht) If more than 5% tax of the excess

Transfer to unlawful children (In case parents do not register marriage or child certification)

- Duty fee 0.5% of appraised value

- Fee 0.5% of appraised value

- personal income tax 50% deduction of expenses, pay tax according to the steps

transfer to spouse

- Duty fee 0.5% of appraised value or business tax 3.3% of the appraised value

- Fee 0.5% of appraised value

- personal income tax 50% deduction of expenses, pay tax according to the steps

transfer to relatives

- Duty fee 0.5% of appraised value or business tax 3.3% of the appraised value

- Fee 0.5% of appraised value

- personal income tax 50% deduction of expenses, pay tax according to the steps

🔸 Documents to be prepared

natural person

- House registration (original version)

- ID card

Supporting documents in case of marriage (consent first)

- consent letter

- Copy of marriage certificate

- Copy of spouse's house registration

- Copy of spouse's ID card

Supporting documents in case of power of attorney

- Power of Attorney (Tor Tor. 21)

- The recipient's house registration and 1 copy signed for certifying

- Identification card of the donor and 1 copy signed for certifying

🔸 Contact process for home and land transfer

- Contact the staff, wait for the documents to be checked, then get the queue card

- the sender and receiver Sign the document in front of the staff

- Capital and Fee Appraisal Officer to bring documents for payment

- Return the yellow receipt to the staff One copy of the blue receipt to the transferor

- The officer prints the engraved on the back of the title deed. The transferor checks the correctness. Then hand over the purchase-sales contract (Tor Dor 13) to the recipient for a home-buyer with the bank. The bank will keep the original title deed. and give a copy to the recipient The title deed will be in the name of the bank as the mortgagee.

Just like this, the purchase-sale is completed after the land transfer is complete. If anyone is not comfortable walking the whole story Can contact to make a film for the authorization test for other people as well. I hope that this article will give you more or less an understanding of the transfer fee.

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