
topt
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Everything posted by topt
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Yet you want the passport form split into more than 1........... One of the CGT links you posted was also specifically for non-residents, which personally I find useful, as often trying to find specific non-resident tax stuff can be a pain.
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Because that specific action was not introduced until 2020...... https://www.armstrongwatson.co.uk/news/2023/03/understanding-hmrc’s-60-day-reporting-requirement-residential-property-sales
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New Thai Tax On Remittances??
topt replied to giogio's topic in Jobs, Economy, Banking, Business, Investments
My understanding is that if you are non-resident for tax and sell property in the UK whilst being non resident you still have to pay CGT - even if it was your PPP although there are various calculations that help to reduce the overall figure. -
I am guessing you are referring to CGT on property because as a non resident you don't pay it on anything else? If so what is it you are struggling with?
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From one of the earlier linked articles - However you may be right as it looks a little large for only 6 months.
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Have you had a ruling from HMRC on that? There is a good chance that they will still consider you domiciled in the UK as it is (presumably) your domicile of birth. Everything I have read suggests it can be very hard to impossible to change but there are of course exceptions. Irrespective of domicile I agree with @sikishrory regarding wills in different locations.
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Based on a fairly recent post I thought I remembered seeing you may need a CoR (certificate of residence) as well but that may also depend on the specific LTD office.
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Come on Mike this subject has come up multiple times in the longer thread and I thought it had been generally accepted, so apologies if not, that most foreigners either were not aware they needed to file or had been using the following year income rule to not file. So no I don't consider it evasion if income was brought in the following year as earned and therefore no tax was payable. I do agree that all those receiving pension payments monthly theoretically probably should have been filing and remember this issue being discussed multiple times over the last 10 years. And finally the form I used in the past to file for withheld taxes was a something 10 - a one page form. I was never asked to complete anything else.
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Misunderstanding over actual size of lithium deposits found in Thailand
topt replied to webfact's topic in Thailand News
That's 2 of us. Only reading yesterday in the Mail Online about cash back offers from a manufacturer on heat pumps. Good to hear an actual experience although Southern England is generally a little bit warmer than Scotland -
So to be clear are you saying that where there is a joint account or, as in @newnative case where they have an account with a "hidden" (for want of a better word) signatory that can access the account, this is legal and acceptable? I query because this latter arrangement is what I think the original OP was trying to get to but I could of course be wrong......
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As someone who has made it clear in multiple posts that they are planning on not going to be in Thailand for the 180 days I think you are well aware of the change......... The other 2 are just scare mongering at present but possibly could come to pass. But like everything else at the moment it is just conjecture.......
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Based on this (and your preceding sentences) nearly every foreign Thailand tax resident should have been filling in tax returns for however many years they have been resident as, I would imagine, that very few would bring in less than 120k baht in most years. Basically my understanding is that the change made to the directive re. past/following years income etc has not made any difference to that.......? Yet at a conservative guess probably at least 95% of those who were not utilising that loophole have never filed and of those probably 99% have never had any issues. Would that be a fair assumption? To be clear I am not suggesting you are not supposed to file but a lot of posters on here have been getting away with it for years and now all of a sudden they are thinking it is all going to change because of one rule change........... Obviously until the Thai RD come out with some guidelines all one can do is speculate but I would suggest that anyone who goes and requests a Thai TIN no. is potentially shining a light on themselves.
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Pattaya Joint Forces Raid Entertainment Venues in Anti-Drug Blitz
topt replied to webfact's topic in Pattaya News
Did you read the link - -
He mentioned 2 years and I am just amazed I had never noticed it before. Yes could be a good plan with the Trackman so you can see some numbers. I didn't really look at prices that much but what I did see did not look cheap. I did get the impression he would discount if pressed.
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For second hand you may be better off trying Pattaya Golf on 3rd road heading north after Central and 100 metres after the next crossroads with lights - the turning to go to Hollywood.