topt

Is this Poom Patta (or similar name) by any chance?

No idea about sales but land on a cut through soi between Diana Estates (near Suk) and Khun le Fan (so just north of Big C Extra) which has been vacant for more than 15 years is now being filled with a number of separate "pool villa" developments. There are a lot of Korean establishments there so I am thinking the money may have come from them but could be anybody. In the overall scheme of things the nos. will not be huge but this has all happened in the last 6 months.

Thanks. For anyone interested here is the actual first link which has a pdf you can download on the changes including trusts - https://www.alvarezandmarsal.com/insights/confirmed-reform-non-uk-domiciled-tax-system-trusts#:~:text=From 6 April 2025%2C an,the previous 20 tax years.

Has this actually happened? I know it was being talked about but hadn't seen anything about it being a "fact'?

Which as far as I know has nothing to do with Thai under 15s......

Thanks - so that suggests Corporate Tax only for now.........

Apologies as I thought it was a simple question. However you seem to be responding like a bear with a sore head........

Who of course regularly transfer amounts in excess of 50k............

So what was the point of your post?

I wish they would show the date on these YT videos but it looks to have been done in the last day or so? I also wish @Presnock had posted his thoughts in a more relevant thread as this one should have been stillborn.........

Agreed but I am glad you added this when talking about the pic you showed of yours - Very different to the example above.

You are making too many assumptions. I accept you were not originally referring to the UK but I specifically mentioned it for my example. It is a fact that I could trade in and out all day long and not pay any tax in the UK on any of those gains being officially non-resident for tax. You want me to provide HMRC links? The fact you suggest you had a lot of issues is specific to your circumstances and not the UK tax law.

Sorry but I think that is an absurd generalisation and is very dependant on an individuals specific circumstances. Good for you if you can avoid it.

Quick search suggested not available in the UK - so that knocks that out for me. I need to find an alternative......

A quick online search last night and that was the only option being mentioned for a sort of pay as you go option as per Skype Credit although there must be others? Unfortunately it is Google but that's my issue.......

he meant to call a landline or mobile number using Skype...........usually from either pc/mobile or tablet......

I would go further than that and suggest that when this change was initially decided on I doubt foreigners were even considered. I am still somewhat amazed that there hasn't been any concerted push back from the major property developers.......

Which specific country is that or are you suggesting that is Euro wide? UK for example does not have that - and didn"t even when it was in the bloc. And @newbee2022 there is no capital gains tax payable (other than property) if non resident for tax. So you could trade shares to your hearts content and any gains would not be taxable.

In spades!

I take it you did not notice that this was posted in the Chiang Mai forum and that the OP was from there.............

Presumably you are referring to UK accounts. Can you show a reference for that claim as a quick search couldn't find it? Personally I doubt they would offer to cover more than the minimum FCA amounts for banks but happy to be proved wrong.......

I missed that in my reply but I meant to say it

There is always one unfortunately......

I'd love to see the results of this semantical exercise in a TRD vs. JG poster in a Thai court of law. Otherwise I don't see how it will ever be reconciled - and I have no dog in the fight

Easiest part - yes as only money remitted (currently) is potentially taxable. The rest of it - If you did not declare the 20k in the first place (as you decided it was savings and non assessable) then it may help if Thai RD ask for a trail of why you haven't declared more assessable remittances but in theory is the same result - is the way I look at it. Co-mingled funds are always going to be an issue if queried but for most unlikely I suggest unless we are talking much larger numbers or you come to their attention over something else.