{"id":1103,"date":"2023-10-25T04:28:58","date_gmt":"2023-10-25T04:28:58","guid":{"rendered":"https:\/\/www.sunbeltasia.com?page_id=1103"},"modified":"2023-11-21T06:25:29","modified_gmt":"2023-11-21T06:25:29","slug":"inheritance-tax-in-thailand","status":"publish","type":"page","link":"https:\/\/www.sunbeltasia.com\/inheritance-tax-in-thailand","title":{"rendered":"Inheritance Tax in Thailand"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1103\" class=\"elementor elementor-1103\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5a4f00f5 e-con-full e-flex e-con e-parent\" data-id=\"5a4f00f5\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2c8c03a elementor-widget elementor-widget-template\" data-id=\"2c8c03a\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"194\" class=\"elementor elementor-194\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4234afef e-flex e-con-boxed e-con e-parent\" data-id=\"4234afef\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f3d7830 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"f3d7830\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Inheritance Tax in Thailand<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43a9eedc elementor-widget elementor-widget-breadcrumbs\" data-id=\"43a9eedc\" data-element_type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.sunbeltasia.com\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\"><p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/www.sunbeltasia.com\/\">Home<\/a><\/span><\/span><\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1ac4af93 e-flex e-con-boxed e-con e-parent\" data-id=\"1ac4af93\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5d488cf3 e-con-full e-flex e-con e-child\" data-id=\"5d488cf3\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-42b250dd elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"42b250dd\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"750\" height=\"230\" src=\"https:\/\/www.sunbeltasia.com\/wp-content\/uploads\/2023\/10\/top_bannerTax.jpg\" class=\"attachment-large size-large wp-image-669\" alt=\"\" srcset=\"https:\/\/www.sunbeltasia.com\/wp-content\/uploads\/2023\/10\/top_bannerTax.jpg 750w, https:\/\/www.sunbeltasia.com\/wp-content\/uploads\/2023\/10\/top_bannerTax-300x92.jpg 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f440095 elementor-widget elementor-widget-text-editor\" data-id=\"7f440095\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>In search of the law firm in Thailand that will help you through the&nbsp;<strong>Inheritance Tax<\/strong>&nbsp;process? No need to look further,&nbsp;<strong>Sunbelt Asia Legal Advisors<\/strong>&nbsp;is the best choice.&nbsp;<strong>Inheritance Tax<\/strong>&nbsp;was introduced in Thailand in August 2015. The inheritance tax has come into effect from 1st February 2016.<\/p>\n<h2>Subjects Excluded from Paying Inheritance Tax<\/h2>\n<ul>\n<li>The inheritance tax will not be imposed on the following:<\/li>\n<li>The owner of the inheritance that died before 1st February 2016.<\/li>\n<li>The inheritance that is obtained by the spouse of the owner.&nbsp;<\/li>\n<\/ul>\n<h2>Who will be Paying the Inheritance Tax<\/h2>\n<p>The inheritance tax will be applicable on the following;<\/p>\n<ul>\n<li>Individuals that are Thailand citizens.<\/li>\n<li>Legal entity listed in Thailand or falls under the jurisdiction of the Thai law.<\/li>\n<li>Any business in which Thai nationals hold more than 50% shares at the time entity has the right get an inheritance.<\/li>\n<li>A managerial team that contains 50% of the Thai citizens.<\/li>\n<\/ul>\n<p>Moreover, the&nbsp;<strong>Inheritance Act<\/strong>&nbsp;is also levied on the person that has a foreign nationality. Yet they are living in Thailand as per the Immigration law of Thailand. The above-mentioned persons will be liable to pay the inheritance tax irrespective of the location of the property. In the same way, the foreigners that are not living in Thailand but will be inheriting property in located in Thailand. They are prone to pay the inheritance tax.<\/p>\n<p>Possessions that are Subject to Tax<br>Wondering what assets will be subject to tax? Here is a list of the assets:<\/p>\n<ul>\n<li>Registered vehicle<\/li>\n<li>Immovable property<\/li>\n<li>Money or any other type of wealth that the heir can withdraw from a financial institution or someone holding it.<\/li>\n<li>Securities<\/li>\n<li>Asset mentioned in the Royal decree<\/li>\n<\/ul>\n<h2>Rate of Tax<\/h2>\n<p>The normal rate of the inheritance tax is 10% of the value of the inherited asset. In case the receiver is an old relative or descendant of the owner, the rate is 5%. Furthermore, under the circumstance of inheritance exceeding the amount of 100M THB. The exceeding amount of the inheritance will be taxed only.<\/p>\n<h2>Exceptions<\/h2>\n<p>Below are some of the cases that are not liable to pay inheritance tax:<\/p>\n<ul>\n<li>If a person receives the inheritance from the owner who wanted their inheritance to be used for following purposes:\n<ul>\n<li>Public expenditure<\/li>\n<li>Religious<\/li>\n<li>Educational<\/li>\n<\/ul>\n<\/li>\n<li>Any legal or government organization that obtained the inheritance for educational, public interest or religious purposes.<\/li>\n<li>An international organization or person to which Thailand has an obligation under the international law.<\/li>\n<\/ul>\n<h2>How We Can Help You<\/h2>\n<p>We have been working in the legal industry for 15 years. Our experts are experienced and skilled that assist you through the whole process. The process of&nbsp;<strong>inheritance tax<\/strong>&nbsp;planning can be daunting and time-consuming. So, our professionals try to make the process simple and convenient for you. As it is a new law, you might have difficulty knowing when is inheritance tax applicable. For this you require the help of a professional firm, We at&nbsp;<strong>Sunbelt Asia Legal Advisor<\/strong>&nbsp;have complete knowledge regarding the laws and practices.&nbsp;<\/p>\n<p>If you contact us now we will offer you first free consultation. For further information related to&nbsp;<strong>inheritance tax<\/strong>, call us at (+66) 02-662-7004.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a9f18e5 elementor-align-center elementor-widget elementor-widget-global elementor-global-197 elementor-widget-button\" data-id=\"1a9f18e5\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/contact\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact Us <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-27ab6a03 e-con-full e-flex e-con e-child\" data-id=\"27ab6a03\" 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No need to look further,&nbsp;Sunbelt Asia Legal Advisors&nbsp;is the best choice.&nbsp;Inheritance Tax&nbsp;was introduced in Thailand in August 2015. The inheritance tax has come into effect from 1st February 2016. Subjects Excluded from Paying Inheritance Tax The inheritance tax will not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":669,"parent":1070,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bangkok Inheritance Tax in Thailand | Sunbelt Asia Co., Ltd<\/title>\n<meta name=\"description\" content=\"In search of the law firm in Thailand that will help you through the Inheritance Tax process?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sunbeltasia.com\/inheritance-tax-in-thailand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bangkok Inheritance Tax in Thailand | 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