for this year “Uncle Santa Tu” Arrange a large set of heavily arranged gifts as before, called “Big Pack” to bring happiness to Thai people. Whether all agencies are not inferior to each other Push old and new measures to come out busy
led by the Ministry of Finance provided on request with “Shop well, have a night” The cost of purchasing goods and services can be taxable up to 40,000 baht between 1 January and 15 February 2023, but add conditions to purchase through general stores for 30,000 baht and online stores for 10,000 baht.
There are also tax reductions such as excise tax on jet fuel from 4.726 baht per liter to 0.20 baht between 1 January and 30 June 2023 to support tourism. hopefully reducing the cost of operators supporting the ticket price not to be too high
As for the real estate sector, hey! also After the green light cabinet extended measures to reduce transfer and mortgage fees for another year until the end of 2023, covering single houses, semi-detached houses, commercial buildings, and condominiums, directly and second-hand, with a price not is more than 3 million baht.
This measure has been used since 2020, hoping to help ease the burden of expenses for people who want to get a home. and help boost sales release the outstanding stock of entrepreneurs For this new round, the mortgage registration fee will still be reduced from 1% to 0.01% as before, but the transfer fee will be reduced from 2% to 1%, down from 2022 at just 0.01%.
If you try to calculate the costs that will be reduced, for example, if it is a house priced at 3 million baht, normally the transfer fee is 2% or 60,000 baht, but in 2022, the fee will be reduced to 0.01% , which means that the transfer fee will only be 300 baht, but in 2023 it will Charge a fee of 1%, equal to having to pay a transfer fee of 30,000 baht, which is usually the transfer fee, the buyer and the seller help each other. half.
Regarding the mortgage fee, in the case of a house of 3 million baht, the original fee was 1% or 30,000 baht, but in 2023 the fee was reduced to only 0.01%, which is equal to 2022 or 300 baht.
In addition, the cabinet has also dropped the land and building tax by 15% of the tax amount calculated for the collection of land and building tax for the tax year 2023, whichAsia Plus Securities Assess that Land tax reductions do not have a significant impact on entrepreneurs. Because these days, almost all entrepreneurs do not have a policy to own a large amount of vacant land. Most of them do not own land for a long time. Although some people sell unused land to reduce ownership costs and increase liquidity on hand.
On the buyer’s side, there is currently a land tax collection for low residential types, for example, the first house (in the case of the owner of the house and land) will only get for the house with a higher price collect it. than 50 million baht. Starting at a rate of 0.02%, for example, a house priced at 50 million baht pays a land tax of 10,000 baht.
While the second house has to pay taxes at all price levels. The initial tax rate is 0.02%, for example, a house / condo with a price of 1 million baht will pay a tax of 200 baht, and if the collection is reduced by 15% it will pay a tax of 170 baht, so it is considered insignificant to the buyer as well.
sideTrinity Warranties note that Land and building tax reduction measures have positive effects on buyers and entrepreneurs. Especially those who have land awaiting development. because it will help reduce the burden of expenses In terms of reducing the transfer registration fee from 2% to 1% and reducing the mortgage registration fee from 1% to 0.01%, it is another factor that helps to reduce the cost burden for customers and developers with promotions support for transfer. and mortgage fees Save on selling and administrative (SG&A) costs.
anyway Although the measures coming out will help reduce costs. but it did not stimulate new purchases However, the research department still chooses LH and AP as the best choices in the group because they have a higher customer base of low-rise houses than condominiums. And it also has an interesting dividend yield of 5.1% and 4.6% respectively.
sideDao Guarantees It is seen that the groups that will benefit from the renewal of the measures to reduce transfer fees and mortgages are: “Lower Market Group” Since it is only indicated for buying houses at a price not exceeding 3 million baht, the stocks that benefit the most are LPN and PSH. The lower end market is still at risk of a slow recovery in purchasing power and rising living costs in 2023.
