First-home net may expand

Business > Economics

Published: 24/09/2011 at 03:17 AM
Newspaper section: Business

The government plans to expand the coverage of its first-home policy to cover lower-income earners in response to criticism that the existing terms benefit only the more affluent.

First-time homebuyers of units priced up to 5 million baht who make purchases from yesterday until December next year can deduct 10% of the price from their taxable income for five years.

The cabinet is scheduled to consider widening the scope of the incentives on Tuesday, according to Anuttama Amornvivat, a deputy government spokesman.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

About the author

: Writer: Chatrudee Theparat; Position: Business Reporter

Keep this article in your social bookmark:

Latest stories in this category:

Your comments

howell
Post : 1,129
Send message

Discussion 1 : 25/09/2011 at 10:58 PM1
Post this to my Facebook
'Prime Minister Yingluck Shinawatra had authorised the Finance Ministry and Revenue Department to revise the plan to cover all groups of people, especially low-income earners.'

No thought before for low income groups ? I thought PTP were the party dedicated to helping low income people, to provide a better quality of life for all Thais. Seems not but more of the same Thaksin like self serving greed.
Like dislike 0 people liked / 0 people disliked this comment

First-home net may expand | Bangkok Post: business