🏢 Reselling a Condo as a Foreigner in Thailand
If you’re a foreigner who owns a condo in Thailand, you may eventually decide to resell the unit — whether to realize a profit, upgrade, or move on. Fortunately, reselling property as a foreigner is legal and straightforward, provided all documentation is in order and you understand the process.
This guide explains how it works, what to prepare, and key points to keep in mind.
✅ Can Foreigners Legally Resell a Condo in Thailand?
Yes. Foreigners who own a condo under freehold title can legally resell it at any time — to either a Thai or another foreigner — as long as the foreign ownership quota (49%) in the building is not already full.
🏷️ If selling to another foreigner:
Check that the foreign quota in the building has available space.
👨👩👧👦 If selling to a Thai buyer:
No restriction applies.
📋 Required Documents for Resale
Here’s a list of documents typically needed when reselling your Thai condo:
| Document | Purpose |
|---|---|
| Title Deed (Chanote) | Proof of ownership |
| Sales and Purchase Agreement | Contract between buyer and seller |
| Foreign Exchange Transaction Form (FET) | Required if buyer is a foreigner; proves foreign funds |
| Identification (Passport/ID Card) | Seller and buyer identification |
| Letter from Juristic Office | Confirms common fee payment and quota availability |
| Tax Clearance Certificate | From the Revenue Department, if needed |
📊 Costs and Taxes When Selling a Condo
Understanding the financial side is key. Here are the typical costs:
| Fee/Tax | Who Pays? | Amount / Rate |
|---|---|---|
| Transfer Fee | Often shared | 2% of the government-assessed value |
| Withholding Tax (Income Tax) | Seller | 1% (company) or based on income scale (individual) |
| Specific Business Tax (SBT) | Seller (if applies) | 3.3% if sold within 5 years (unless it’s your residence) |
| Stamp Duty | Seller (if no SBT) | 0.5% of assessed value |
| Agent Commission (if used) | Seller (typically) | Usually 3% of sale price |
📈 Suggested Infographic: “Steps to Resell Your Thai Condo as a Foreigner”
[Use this layout for Canva or PowerPoint Design]
Title: “Reselling Your Condo in Thailand: 6 Easy Steps”
- 🧾 Prepare documents → Chanote, passport, FET, contract
- 🏢 Notify the juristic office → Request foreign quota status + clearance
- 🤝 Find a buyer → Directly or through agent
- 📑 Draft sales agreement → Use a lawyer or agent
- 🏛️ Go to the Land Office → Both parties sign & pay fees
- 💸 Receive payment & transfer → Deal complete
🧠 Tips for a Smooth Resale
- 📅 Plan ahead: Tax calculations and legal prep can take time.
- 🏠 Use a property agent if you’re unfamiliar with Thai procedures.
- ⚖️ Consult a lawyer to ensure compliance, especially with taxes.
- 🏢 Verify the foreign quota if your buyer is also a foreigner.
- 💬 Negotiate who pays which fees — often transfer fee is split.
🏁 Final Thoughts
Reselling a condo as a foreigner in Thailand is very possible, and many foreign owners do so profitably. With the right documentation, legal support, and a well-priced listing, you can complete the sale smoothly.
Whether you’re moving up, cashing out, or shifting investments, understanding the rules and taxes will help you navigate the process like a pro.
