Ask a tax advisor on the topic of Real estate taxation

Taxation of the sale profit of a property when residing in Thailand.

December 18, 2015 | 30,00 EUR | answered by Ralph J. Schnaars

I want to sell my property apartment that is not used by myself - bought in 2010 in Munich.

If I have my residence in Thailand, how do I have to pay taxes on the profit from the sale? Capital gains tax? Or a flat rate of 25% like with limited tax liability?

Thank you for the answer.

Ralph J. Schnaars

Dear inquirer,

A person living abroad must fully declare the profit from the sale of a German property in Germany (in addition to the basic exemption).

There hasn't been a flat tax rate for years.

If the purchase and sale occur within 10 years, please calculate the profit from the sale by deducting the purchase price (including notary fees etc.) and the costs related to the sale (brokerage fees, etc.) from the selling price. This profit will then be subject to regular taxation.

I hope I could help you in your considerations.

Best regards,

Ralph J. Schnaars

STWB Steuerberatungsgesellschaft mbH
Direct contact +49 (0)171 525 20 42
Email mail @ stwb-steuer.de