When selling a freehold property, the stamp duty is 0.5% of the assessed value or sale price, depending on which is higher. If you sell a freehold property within five years of buying it, you will be subject to a business tax of 3.3%. The seller also pays a real estate sale tax at a rate of 1% (when being a legal entity) or a withholding tax calculated at a progressive rate up to 35% (when being an individual). When owning and renting real estate the tax rate is generally 15%, except for the dividend tax rate, which is of 10%, while other rates may apply under the provisions of a double tax treaty (DTT). There is no general property tax in Thailand. On January 1, 2020, a new tax regulation in regard to property ownership, rent and lease was introduced. Residential buildings valued at not over ฿10 M where the residents are registered are not taxable. Apartments or houses with a hotel license are considered commercial real estate and taxed at a rate starting from 0.3% of the cost.