Bangkok, August 4 – "Department of Lands" clarifies the crux of land sales as ownership rights. legally not tax evasion

August 4, 2023, reporters reported that There is a report from a high-level news source at the Department of Lands. ministry of interior Mentioning the case of Mr. Chuwit Kamolvisit, a former politician Exposing the suspicions of Mr. Srettha Thavisin, Pheu Thai Party's prime ministerial candidate Involved in the act of disguising tax evasion, buying and selling land in the Sarasin area of more than 500 million baht, that initially had to look at the details as to whether the land was actually divided or not If it's a private land Everyone has their own rights. to be able to sell considered as a right under the Revenue Code For example, inherited land title deeds that have to be divided among several people. But there is land trading. Even though there is no division of land plots will pay tax as much as the size of the land sold

News reports also stated that If it is the same plot of land, then the plot can be divided and sold to one person. to pay tax only on the plot of land sold It will lower the land tax base. which is regarded as the right that can be done And legitimate, so it's not tax evasion at all. land tax section In principle, calculations are made according to the Revenue Code of the Revenue Department. because the Department of Lands has a duty to collect taxes for the Revenue Department Based on the tax calculation based on the land appraisal value determined by the Treasury Department. – Thai News Agency

Source: Thai News Agency