Cabinet approves 0.01% fees for transfer, mortgage

08.05.2019 - 19:24

The cabinet has approved cutting both housing transfer and mortgage fees to 0.01% for 12 months, aiming to spur buying after critics said the previous measure to offer tax deductions of up to 200,000 baht for buyers of homes and condos worth up to 5 million baht would have a minimal impact on the market. The fee cuts from 2% and 1%, respectively, will come into force after publication in the Royal Gazette and will run until May 31, 2020.

(Economy, Thailand)

Read the full article at bangkokpost.com

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