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Property Market Could Tumble If Tax Incentives Not Extended

Category: Real estate, Posted:08 Dec 2009 | 01:48 am

One of the contributing factors to the renewed performance in Thailand's broader property market has been the current tax incentives put in place to spur growth. The Government's current reduction of Specific Business Tax (SPT) which came down from 3.3% to 0.11% and transfer tax down to 0.01% from the previous 2.0% are set to expire on March 28 of next year. An allowance for property sales also saw higher thresholds from THB 100,000 up to 200,000.
At the same time development and commodity prices have continued to rise with the market hence there may be a double blow to buyers who will ultimately have to shoulder the tax burden passed on by developers and also price increases as costs go upward. It's expected that transaction activity in the lead up to the tax expiration date will continue to trade at high levels.

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Special Virtual Event For Hotel Owners and Operators

Category: Hotels, Posted:30 Oct 2020 | 12:11 pm Join Delivering Asia Communications and C9 Hotelworks in a unique one-hour live MasterClass event on hotel asset management. The event is titled “MasterClass – Hotel Asset Management, A Virtual Learning Event on How to Add Value in the Covid-19 Downturn”. The live webinar will be held on Wednesday 18th November, 2:00 pm Bangkok | 3:00 pm […]
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