jrmaanda

How helpful! No, actually I don't because so far there has been no tax liability to worry about. And now, as there must be loads of people who have faced the same uncertainty (whatever the sum involved), I'd like to draw on their experience first.

As a resident in Thailand, I am extremely confused by how it would be assessed whether or not there are capital gains (and therefore tax liability) included in a particular sum of money remitted to Thailand. In 2019, I withdrew twenty million baht from my account with a Thai broker to a British bank. If I now ask the same bank to send back ten million (half the sum) to the same broker, are capital gains involved? The only reason I think they might be is that in the meantime, the money has been all over the place, invested with various brokers in various countries with some capital gain, but I can't imagine how the ten million could be tied down to particular investments. I'd be very grateful for any insight at all, as I'd love to bring some capital into Thailand.

Thank you very, very much. That's exactly what I needed to know. Dr. Asanai it will be for me.

Hello MyTHaiYou, I am in precisely the same situation as you were, needing keyhole surgery on a rotator cuff shoulder injury, living in Chiangmai and considering Dr. Asanai. I'd be extremely grateful for any further information at all, here or by PM. For example: Are you now fully recovered? How long did you have to stay in RAM? How much did it cost? What kind of follow-up to the operation has been needed? Therapy? Exercises? Is that all finished now? Perhaps most important: are you confident the surgery you got (as opposed to the hospital's services) was roughly as good as you would have got at one of the bigger private hospitals in Bangkok?

My only significant source of funds comes from capital gains when I sell shares. If I wanted no tax liability for this in Thailand, would it be sufficient that for one in every seven years I arranged to live in Thailand for well under 180 days, and only sold my shares (and transmitted the proceeds to Thailand) during those particular years?

Thank you Mike. I'm trying out your idea.

Thanks Mike, That's what I suspected. They are trying to force me to pay for their exchange service. Their exact wording is " SWIFT CODE : REVOFRP2 can only transfer from Thai Baht into foreign currency and the offshore bank does not Thai Baht account with Bangkok Bank." But if they say "no", what on earth can I do?

Until a few years ago, if one wanted to convert a large sum of money between currencies, say over the equivalent of about one million baht, most banks worldwide would do so at a reasonable rate (typically about 0.3% between buying and selling rates) instead of the grossly rapacious tourist rate (at least 2% between buying and selling rates). Now the only bank I happen to know of anywhere that will exchange at the old honest rate is Revolut. I need to transfer 20 million baht from a Thai stockbroker to any bank in Europe. Before, the broker's bank would have done this at an at least bearable rate, but no more. It would cost at least 200,000 baht. So I set up a multi-currency account with Revolut in France, Euros, £ and baht. I sent £ to it from Britain with no problem. Now I've asked my Thai broker to send baht to it and they claim they cannot because its SWIFT code is denominated in Euros (in which case, how could the British bank manage it?). If anyone has experience of this or can offer a solution, I'd be extremely grateful to hear from them.

I've often wondered about this too. However, one difficulty, given that Pheua Thai has now confirmed its sole purpose has always been to bring back Thaksin, is that once Thaksin is in Thailand, he will be a hostage to his party's deal with the establishment. Even when he's been granted a royal pardon, they can always arrange for other charges to be brought against him (versus quash them if Pheua Thai sticks to its deal with them).

I am due to do a 90-day report on 11 April, but will be leaving the country on 14 April. Can anyone tell me for sure if I have to do the report or can I safely skip it?