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Countries with No Property Tax | Real Estate Thailand

Category : Property Market News | Posted On 2016-09-25 00:00:00

Countries with No Property Tax | Real Estate Thailand

There are just a few countries left in the world where you pay zero property tax on an annual basis. Most of the countries without property taxes are in Asia and here is the LIST:

Real estate Thailand

Starting off our list, Thailand is the only country in Southeast Asia with truly no annual property tax.

You still must pay a fee upon buying the property. Transfer tax is 2% of its appraised value, although the seller usually pays that entire amount – or at the very least half of it.

Besides this one-time payment, you can own a condominium unit in Thailand with zero obligations to the local tax authorities. Unless you either sell or start renting out the property, that is.

Foreigners can directly own condominium units in Thailand. So, you’ll have to pay a yearly management fee due to the nature of condominium buildings. Of course, management fees aren’t really the same as property taxes since the money goes toward keeping your assets in good condition. Having access to facilities like a pool and gym certainly helps on real estate Thailand.

Land needs to be structured as a leasehold for foreigners in Thailand but the villa that sits on the land can be titled as freehold. No annual taxes on either land or villa.

United Arab Emirates

Next on the list is the Middle East, with the United Arab Emirates (UAE) and especially Dubai. This is one of the best tax havens in the World. Not just for real estate buyers but with regards to practically everything else too. If you can live with the heat in the summer months to tax structure is fantastic.

The UAE was made famous as one of few nations on the planet without any personal income tax. Of course, the 0% rate extends to all rental income as well.


Cambodia technically does have annual property tax, however, it’s a minuscule 0.01% of the total appraised value.

For example, the owner of a house in Cambodia worth US$100,000 owes just US$100 per year worth of real estate tax.

But things aren’t always as they appear and the government hardly ever bothers collecting this tax in practice. Perhaps because it’s such an insignificant amount.

You might get a call from somebody if you own an expensive apartment in Phnom Penh or some prime land. However, a clear majority of Cambodian property owners don’t pay any tax.


Malaysia is an example of a place that boasts incredibly low rates. Low enough to where they may as well not collect taxes at all. While you must pay two different annual fees (property assessment and quit rent tax), rates of both are minuscule.

The exact amount you’ll pay in Malaysia depends on location, type, and size. But even large homes aren’t usually subject to more than a few hundred dollars annually.

To learn more about real estate Thailand and opportunities with no annual property taxes call +66 93 606 0906 today.

 #real estate Thailand   #property taxes

Phuket Realtor
David Henry
David Henry is known for his integrity, high energy and hard work which goes into every detail or your real estate transaction at Phuket Realtor. David grew up in the Boston area and started as a realtor in his 20's. With over 30 years of experience in real estate, he has now started one of the best independent real estate agencies in Thailand, Phuket Realtor.

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