Koh Samui has always been talkative among the locales because it is a true paradise for the tourists who arrive from other countries. Beaches here offer white sands, soothing sun and turquoise water and not only this because the beaches are lined with resorts and villas. The night life and ample restaurants add a charm in accommodations. One can enjoy the days and stare the nights with comfort.
However, there is no doubt that many out there are looking to invest in the property market of Koh Samui but like there are certain rules that are to be looked and some legal implications are to be followed.
Transportation on the island-
Real estate in Koh Samui is effective but before making an investment the ways of reaching and returning back must be checked. When the transportation on the island is considered then it must be noted that the ways are always kept effective because it helps in improving the economy.
The best way is to use the Bangkok Airlines and there are approximately 15 flights that move daily between these two places and ferries are also a good option for reaching this place. Therefore, it is no doubt that investment in this place can turn profitable for the investors.
Property tax regulations-
After researching on Real estate in Koh Samui one should always focus on the taxation part because there are certain liabilities which are associated with tax and it affects the annual returns. The property owners of the place are liable to pay certain taxes and these may be standard PIT which is 15% and it is accessed on income generated.
This is generally for the non-residents and if the person resides for more than 180 days then he or she is liable to pay the tax on residential basis. However, there are no extra taxes imposed by Thailand on the foreign buyers. All the income that is generated by the capital gains is taxed equal which is similar to the regular income tax.
The highest rate of tax that is charged on income annually is 37% and the investors must be versed with this fact.