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01/06/2009 - Thailand government announce property stimulus package  01/06/2009 - Thailand government announce property stimulus package

In an effort to boost real estate sales and the local economy the Thai government have announced a reduction in Specific Business Tax from 3.3% to 0.11% for a period of one year.  This is in addition to the reduction in property transfer tax from 2% to 0.01% which came into effect on 28th March 2009.

The current reduction applies to all types of real estate, including condominiums and villas and brings the taxes payable on property purchase and registration to minimum levels.

Investors looking to purchase property in Phuket can benefit immeadiately from these reduced rates and also take advantage of some exceptional offers available throughout the island.





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