Transfer Property to Children vs Sell at Market Price — Which is Better Financially?

Transfer Property to Children vs Sell at Market Price — Which is Better Financially?

Many Chiang Mai property owners ask whether it is better to transfer property directly to their children or sell at market price and give cash. This article compares all scenarios.

Transfer Options for Chiang Mai Property

Option 1: Transfer to children below market price (gift transfer)
Option 2: Sell at market price and give cash to children
Option 3: Leave as inheritance after death
Option 4: Sell at market price and invest the proceeds

Cost Comparison

Gift transfer to child
Transfer fee: 0.5% (special rate for blood relatives) — lowest
Specific Business Tax: typically not charged
Income Tax: very low
Estimated total: THB 20,000-80,000

Sell at market price
Transfer fee: 2%
Specific Business Tax: 3.3%
Income Tax: higher rate
Estimated total: THB 250,000-400,000

Inheritance transfer
Transfer fee: 0.5%
Inheritance tax: None (under THB 100 million)
Estimated total: THB 15,000-50,000

Other Factors to Consider

Need for cash
If cash is needed immediately, market sale is more appropriate.

Family relationships
Direct transfer to children reduces future dispute risk.

Tax planning
Always consult a tax planner or lawyer before deciding.

Recommendation from More Property CM

If the primary goal is passing property to children, gift transfer or inheritance is typically significantly more cost-efficient than selling and giving cash. Always consult a lawyer before any decision.

MORE Value. MORE Trust. Always.
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