Thai government extends property tax relief for homebuyers

"There are around 10,000 homebuyers who may not be able to complete house transfers (before the tax expiry)," Prime Minister Abhisit Vejjajiva told reporters after a weekly cabinet meeting on Tuesday.

The house transfer and mortgage registration fee each will remain 0.01 percent before returning to 2 percent and 1 percent from the end of May.

But, the cabinet will not renew tax reliefs for property companies because businesses are recovering in line with the economy, Finance Minister Korn Chatikavanij said.