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Thai Tax Incentive Boosts Inland Island Properties

Category: Real estate, Posted:21 Sep 2011 | 05:49 am

News that the Thai cabinet has approved a tax deduction up to THB500,000 for first-time homeowners is expected to ramp up domestic demand.
Under the government sponsored program new properties up to THB5 million will be eligible with a sliding income tax deduction capped at 20% of the property over five years.
Additionally a tax deduction on home mortgage payments will apply up to ten percent.
The program is expected to roll out shortly and have an initial term of one year.
Thai listed developers have been scooping up inland Phuket land parcels this year.
Expect the domestic property sector to be the short to medium term property play in coming year.

Other News

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Manic Monday. No Rain, No Rainbows

Category: Tourism, Posted:20 Sep 2021 | 14:24 pm Rainy days and Mondays are no reason to get down. We have three new Thai Road Trip episodes from C9 Hotelworks and our friends at Delivering Asia Communications for you. Have a seat, throw the umbrella out the window and take a look now. INSIDE STORY Bill Heinecke’s Phuket Resort Home Phuket Hotel Insight – […]
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After The Sandbox – Phuket Hotels Ask What’s Next?

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]
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Remembering Florian Hallermann

Category: Hotels, Posted:16 Sep 2021 | 08:56 am We’d like to take a moment to remember Zeavola General Manager Florian Hallermann. Florian tragically died in a hiking accident in Ko Phi Phi. He was a familiar face in Greater Phuket hospitality circles for many years and well-loved in Ko Phi Phi, which was his last posting. Looking back at the start of our […]