What are the land and property taxes in Thailand?

The land and property taxes in Thailand are
* 2% of the transferring fee of the registered value of the property; this has to be paid at the land office on the day of transfer of ownership.
* The stamp duty fee is 5% of the judged value of the property or the purchasing price, whichever one is higher.
* Specific Business Tax (SBT) is 3.3% of the judged value or actual price of the property, whichever one is higher; this is only enforced if the property is transferred less than 5 years after it was purchased. If the (SBT) has been collected than the stamp duty will not have to be paid.

All of the taxes above must be paid by either the buyer or seller when the property is purchased. Some agreements of sale and purchase differ, the buyer is typically responsible for the transfer fee, but the seller will have to pay the stamp duty fee or (SBT) fee and the withholding tax.