On 05 February 2016, Ministerial Regulation Governing Property Values BE 2559 was issued prescribing the values for other inherited property under Thailand's Inheritance Tax Act. This Insight summarizes the Ministerial Regulation.

The valuations of property received by Inheritance shall be as follows:

For inherited immovable property in Thailand		The Land Department's appraised value
For inherited immovable property in a foreign country		The appraised value for registering rights and juristic acts under the law of the foreign country
		If a foreign country does not have or use appraised values the value of an agency or organization accredited or approved as a real estate appraiser
For inherited shares and securities listed on the Stock Exchange		The Stock Exchange trading price
For inherited shares not listed on the Stock Exchange		The value of the shares as per the audited financial statements of the company for the fiscal year prior to receiving the shares
For inherited securities not listed on the Stock Exchange		In the case the first offering price is lower than the redemption price the first offering price
		In the case the first offering price is not lower than the redemption price the redemption price
For inherited shares and securities listed on a foreign Stock Exchange		The foreign Stock Exchange trading price
For inherited cars and motorcycles in Thailand		The appraised value of the Transport Department
		If no such appraised value the value of a person or entity that is a member of a professional body in Thailand for the valuing of such property
For inherited cars and motorcycles in a foreign country		The value of a person or entity that's a member of a professional body in the foreign country for the valuing of such property
For inherited ships and aircraft		The value of a person or entity that's a member of a professional body for the valuing of such property
For inherited deposits with banks, financial institutions or others		The total of the deposit and accrued interest or other benefit receivable

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