Which assets are subject to inheritance tax in Thailand?

The tax applies to a wide range of assets, particularly those located in Thailand. Common examples include:

• Land and buildings (immovable property)

• Securities and shares listed on the Thai Stock Exchange

• Bank deposits and other financial assets that can be withdrawn or claimed

• Registered vehicles and other specified assets

• Any other assets later prescribed by Royal Decree

Each asset is valued based on its market price at the time the beneficiary receives it, as required by Section 15 of the Inheritance Tax Act B.E. 2558 (2015).

For land and buildings, valuation follows the official appraisal under the Land Code, adjusted for third-party rights. For listed securities, the closing market price on the date of receipt is used.