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Taxes involved in selling a property?

 
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Gutte
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Joined: 09 Jun 2006
Posts: 97
Location: Hua Hin
PostPosted: Sat Apr 19, 2008 4:14 pm    Post subject: Taxes involved in selling a property? Reply with quote
I’d be grateful if anybody could answer this question:

Now that the land transfer registration fee has been reduced to almost nothing (0,01 %), does this mean that there are in reality no longer any considerable “tax costs” involved in selling a company-owned property?
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Super Joe
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Joined: 22 Sep 2006
Posts: 216
PostPosted: Sat Apr 19, 2008 4:55 pm    Post subject: Reply with quote
gutte,

the 'property taxes' have been reduced a lot as part of this stimulus package, so yes they are low

but company 'corporation tax' on any profit/gain your house sale made is due, and this can be considerable

it can be less painful depending on the valuation given to your sale value
also the government has increased the 'allowance' that is tax free, as part of this stimulus package

i believe that this stimulus thing is only for 1 year
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splitlid
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PostPosted: Sat Apr 19, 2008 6:26 pm    Post subject: Reply with quote
wait for it.......wait for it......coming soon.
dont get so excited guys.....please
Very Happy
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Super Joe
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PostPosted: Fri Apr 25, 2008 4:25 pm    Post subject: Reply with quote
splitlid wrote:

Quote:
wait for it.......wait for it......coming soon


you're spot on split,
today they charged taxes at the old percentage rates

when queried said new rates (effective from 1st April) would come into effect 'next time' - wtf ?
suggest people take a solicitor with them to ensure getting the new rates

'coming soon' is abooot reet, oche aye da new rates
.
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