Motor Expo 2026

"Inheritance Tax" has now come into effect.

Please note!

"Cars" are among the assets that are subject to inheritance tax. If anyone receives various inheritances, no matter how many times, totaling over 100 million baht in value, if received from ascendants, pay 5% inheritance tax; from others, pay 10%. Thinking one is clever by preemptively giving it away, hoping to avoid inheritance tax, don't think you'll escape. You'll instead encounter the gift tax, which the NCPO government anticipated and amended the law concurrently with the inheritance tax law. Now, you'll be hit even harder than with the inheritance tax. The gifted property must be worth more than 20 million baht (not 100 million baht, mind you). If received from ascendants, pay 5%; if received from others, pay 10%. 

Indeed, ordinary folks like me and my fans aren't affected. Having a pickup truck is already luxurious. Giving it to our children as a gift or inheritance surely won't incur the aforementioned tax for sure. The price is not much; just pay transfer fees and other related costs as is customary. For luxury cars, costing tens of millions of baht each, or even pickup trucks, lorries, and trailers, if a wealthy owner has so many that they can't find parking, the total value would likely fall under inheritance tax or gift tax, for sure, unless they sell them off first. Just something cool to know for coffee talk, then. 
 

--One of the interesting columns: Good to Know by Narong Nitichan 4WHEELS MAGAZINE **Note: The author wrote this article in September 2015. 
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