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Cuchulainn

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  • Birthday 04/01/1871

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  1. Cuchulainn
    Fifo or lifo? Is it up to the RD or the taxpayer to choose? If we can choose fifo, fantastic!! No tax!
  2. Cuchulainn
    The principal (100,000) is not assessable, but apparently the interest accrued is taxable if transferred in 2024. I'm in that boat.
  3. Cuchulainn
    Maybe the new automatic gates will work as well as the online 90 day reporting
  4. Cuchulainn
    As 2024 dawns? Oh well. Don't let me stop you.
  5. Cuchulainn
    No <deleted>, Sherlock!
  6. Cuchulainn
    There is a very good service in Chamchuri Sq. Did everything for my pink card. Translation and courier to MFA. B1,500, if I recall correctly. However, I had to go myself to my embassy to get passport authentication letter before anything else. Sunida (?) or Sutida (?) was the company name. We found it in a google search
  7. Cuchulainn
    No assessable income (see above comments, as my savings are pre 2024), but will immigration accept no submission of tax documents when applying for a yearly extension? Like the TM30,sometimes they ask, sometimes they don't!!
  8. Cuchulainn
    Ok, many thanks to all. I will look further into FIFO. Do I still have to file a tax return? I know you will all probably shout NO, but when it comes to visa extension renewal, immigration may ask for proof of tax returns or even some proof of liaison with the TRD
  9. Cuchulainn
    If I can live off the remitted interest alone ( and maybe dip into the principal now and again), then I could live tax free for years. Maybe till the end of my days!!
  10. Cuchulainn
    Yes, I have. Statements as far back as 2011
  11. Cuchulainn
    Thanks Jim. I read that article in the BKK Post. That seems to only pertain to shares and not principal in an account. Can FIFO be applied to funds in an account?
  12. Cuchulainn
    That is exactly what it is. Money from deceased parents' wills. Even so, that won't hide the fact that interest was generated on the pre 2024 principal and was remitted this year.
  13. Cuchulainn
    Just as an afterthought (or brainfart, in my case!), who's to say the remitted money from pre 2024 account wasn't the 2024 interest, but the principal from 2023??
  14. Cuchulainn
    ^^ Thank you CM
  15. Cuchulainn
    May I ask a question? If remitted overseas savings (pre 1st January 2024) are classified as non assessable income (i.e. no tax to be paid), what about the 2024 accrued interest from that tax exempt account? Is the remitted 2024 interest assessable income? Or, as part and parcel of the pre 2024 account, non assessable? Thank you

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