Who is responsible for the 2% transfer fee, the buyer or the seller?

1. Calculation of Property Transfer Fee (2%)

• The property transfer fee is 2% of the highest price between the appraised value and the selling price as determined by the Land Department.

• For example, if the purchase price is 2.5 million baht and the appraised value is 2 million baht, the fee will be calculated based on the purchase price (2.5 million) = 50,000 baht.

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2. Who Pays the Transfer Fee?

• Generally, the payment is split 50/50 — the buyer pays 1% and the seller pays 1%.

• However, this depends on the agreement in some cases, such as:

• The developer may offer a promotion where they pay the full 2%, etc.

• Some sellers may offer to cover the entire transfer fee, or banks may offer promotional discounts on transfer fees.

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3. Government Fee Reduction Measures (2026)

• The government has implemented measures to reduce registration fees:

• Transfer registration fee reduced from 2% to 0.01%

• Mortgage registration fee reduced from 1% to 0.01%

Conditions:

• Must be the same transaction as the transfer.

• The mortgage price and amount must not exceed 7 million baht per contract.

• The buyer must be a Thai citizen, an individual.

• Valid from now until June 30, 2026.

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Thank you for the valuable information from DD Property.