A new law that came into force in 2020 introduces a property tax that replaces the former "Land & House tax" (which, at 12.5% of rental income, was very little applied). The new law provides for many different situations depending on the type of asset (land, residential property, vacant property, rental property) and the rates also vary according to the value of the property. It is important to note that the rate applicable to a property owned for rental use and worth less than THB 50 Million is 0.3% (Source: Orbis article published in Le Petit Journal in March 2019). If we take the example of a property with a net rental yield of 7% per year, the impact of this tax remains limited, bringing the yield down to 6.7%.  It should also be noted that investors who acquire a property in "Leasehold" are not liable for this tax because they are not landowners (unless their contract includes a specific clause, which may be the case for houses for example).