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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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Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]
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Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]
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Travel Between Bangkok and Phuket Without Quarantine Allowed

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