Скачать или смотреть Inheritance Tax in Thailand: Will Your Phuket Villa Be Taxed?

Welcome to this episode where we break down inheritance tax implications for Phuket villa owners and their heirs. In Thailand inheritance tax only applies if the estate’s net value exceeds 100 million baht with any amount above that threshold being taxable. There are two key tax rates 5 percent for heirs who are direct descendants or ascendants like children or parents and 10 percent for other beneficiaries such as siblings or more distant relatives. Several exemptions exist including estates valued at 100 million baht or less which are completely exempt the surviving spouse who is fully exempt from inheritance tax and assets inherited from individuals who died before February 1 2016 which are also exempt. Filing and payment must be completed within 150 days of inheritance and failure to do so can result in penalties. In short most Phuket villas fall below the threshold so heirs rarely pay inheritance tax but for estates exceeding 100 million baht the applicable rate depends on familial relation and exemptions may still apply.
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Link: https://play.headliner.app/episode/28...