Real Estate & Construction
Whether buying, selling or leasing property in Thailand, you need sound tax and legal advice. Some of the points you will need to consider are listed below.
- Is it appropriate to establish a special purpose company (SPV) to undertake the acquisition? – this is often appropriate to ensure that the ownership structure of the property is clear and may in fact be necessary to comply with Thailand’s land ownership laws.
- Which is the most advantageous location in which that company will be resident? – with an SPV this may not necessarily be your home country or the country where the property is located.
- What is the most tax efficient tax structure? – buying, selling or leasing real estate requires planning to develop an efficient tax structure.
- Will your ownership and financing structures stand up to scrutiny? – the tax authorities almost invariably examine these.
- Have you planned for taxation liabilities arising on exit? – in order to mitigate the taxation liabilities arising in Thailand on capital gains the full impact of this should be recognised and planned for on acquisition.
BDO is well placed to help companies, individuals, funds and institutions from any foreign jurisdiction wishing to invest in Thai real estate. Our experienced teams will take the time to get to know you and your real estate business.
We have access to the resources and global footprint of BDO's international network to give you key audit, tax, and consultative advice, as well as risk management, transaction services, corporate finance, direct taxation, VAT and forensic services.