Roundtrip transaction costs are low in Myanmar
How high are realtors´ and lawyers´ fees in the Myanmar? What about other property purchase costs?
Transaction Costs |
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| Who Pays? | ||
| Stamp Duty | 4.00% - 6.00% | buyer |
| Additional Tax | 2.00% | buyer |
| Real Estate Agent´s Fee | seller | |
| Costs paid by buyer | 6.00% - 8.00% | |
| Costs paid by seller | 0.00% | |
| ROUNDTRIP TRANSACTION COSTS | 6.00% - 8.00% | |
| See Footnotes Source: Global Property Guide |
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Footnotes to Transaction Costs Table
The round trip transaction costs include all costs of buying and then re-selling a property - lawyers´ fees, notaries´ fees, registration fees, taxes, agents´ fees, etc.
Stamp Duty
For properties inside Yangon, stamp duty is levied at a flat rate of 6% of the property value as established by the appraisal committee. For properties outside Yangon, stamp duty is levied at a flat rate of 4% of the property value as established by the appraisal committee. Stamp duty is paid by the buyer.
Additional Tax
Additional tax is levied at a flat rate of 2% on the property value as established by the appraisal committee. The buyer pays for the additional tax.