Financing Made Easy

Owning property in Thailand offers several tax benefits, including reduced property transfer fees, with potential reductions during government promotions, and favorable withholding tax rates for individuals and companies. Thai residents can deduct mortgage interest payments up to 100,000 THB per year for their primary residence and benefit from exemptions on capital gains tax when selling such properties. Additionally, rental income can have a flat deduction of 30% on gross income, and inheritance tax applies only to assets exceeding 100 million THB, with direct descendants facing a lower rate. Promotions from developers may further reduce upfront costs, making property investment more accessible. Always consult a local tax advisor for specific advice.

Yes, you can rent out your unit in Thailand for additional income, and this is a common practice among property owners. Whether you own a condominium, apartment, or house, renting out your property can provide a significant source of income, especially in popular tourist areas. If you plan to rent your unit, it's essential to comply with local regulations, including obtaining any necessary permits and adhering to short-term rental laws, which may vary by location. Additionally, you can choose to manage the rental yourself or hire a property management company to handle bookings and maintenance, ensuring a smooth rental process.