Connect with us


Bangkok’s vacant land owners growing fruit and vegetables to evade vacant-land tax




PHOTO: Tax evasion can have a useful side-effect - The Thaiger

A loophole in land tax around Bangkok (actually everywhere in Thailand) is having an unexpected side effect, mostly good. Many vacant property owners in Bangkok are growing fruit and vegetables to escape the newly launched tax on their undeveloped land.

For example, Banana trees are now growing on an expensive piece of land near Naradhiwat-Rajanagarindra Road. To avoid the new Land and Building Tax Act’s tax on vacant land, some landowners had decided to grow banana or lime trees on their land to pay the lower tax rate for agricultural use of the land.

The revised land and building tax act 2019 came into effect on January 1. Owners of vacant land pay a higher tax rate than those who used their land for agricultural, residential or commercial purposes. The act states that the owners of agricultural land with an appraised value up to 75 million baht must pay a tax at 0.01% of the value. From 75-100 million baht valuation, the rate is 0.03%. 100-500 million baht value the rate is 0.05%, etc… 1 billion baht-plus value, the rate it is 0.1%.

In the case of undeveloped land, the owners must pay rates from 3-6 times higher. So owners who are hanging onto their land at expensive locations are now growing grow fruit trees such as lime, banana or papaya to avoid payment of tax on vacant land.

Even along Ratchadaphisek, Rama IX and Ekamai roads in Bangkok, prime land locations, we’re now seeing mini plantations of banana, mango, lime and other fruit trees.

SOURCE: The Nation


Want more from the Thaiger family?

📱 Download our app on Android or iOS for instant updates on your mobile
📧 Subscribe to our daily email newsletter
👍 Like/Follow us on Facebook
🔔 Subscribe to or Join our YouTube channel for daily video updates

Follow Thaiger by email:

Thailand18 mins ago

13 teenagers arrested in Chon Buri for partying, gathering

Crime23 mins ago

Crime Suppression Division seizes dozens of illegal firearms in a series of raids

Crime53 mins ago

Marijuana valued at 10 million baht seized in Nakhon Phanom, 2 arrested

Phuket Sandbox July 1st


Thaiger is getting behind local businesses for the restart of tourism in July - up to 50% discounts across all advertising packages in June!

Sponsored by image

Coronavirus (Covid-19)2 hours ago

Monday Covid Update: 3,355 new cases, provincial totals

Coronavirus (Covid-19)2 hours ago

Almost 100% of teachers and staff vaccinated in Bangkok

Thailand3 hours ago

Almost 8 million register for stimulus scheme, app briefly goes down

Best of3 hours ago

Top 5 best temples in Bangkok

Thailand3 hours ago

Good Morning Thailand | What’s happening in Pattaya, Phuket sandbox, reopening for tourism

Coronavirus (Covid-19)3 hours ago

25 vaccination sites put on hold in Bangkok

Phuket4 hours ago

Ambulance crashes into a lightpole in Phuket

Thailand4 hours ago

Bangkok’s Suvarnabhumi Airport task force cracks down on drug trafficking

ASEAN5 hours ago

Southeast Asia sees highest tally of Covid-19 infections in a single day

Chiang Rai5 hours ago

Chiang Rai: man robs a bank that’s inside a Tesco Lotus

Best of5 hours ago

Top 10 Private Villas in Thailand

Drugs5 hours ago

Over 1.5 kilos of heroin found hidden in notebooks at Suvarnabhumi Airport

Thailand3 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism3 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket3 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism4 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand4 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism4 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand5 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand5 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand5 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand5 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand5 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand5 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand5 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand5 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand5 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8