I know most on here are older retirees...but for younger guys here still with parents back home...
Would long-stay expats in Thailand be liable for inheritence tax from parents back home if living in Thailand over 180 dyas a year if no tax arose on the total assets received in their home country ?
I mean in the UK for example - including property/cash and combined roll-over unused relief - with parent combined totals - its is £1 million tax-free to kids.
£325k (Cash etc) /£175k (Property) x 2 parents = £1 million before tax comes in to the picture.
It appears it is 5% IHT on total assets received for children who receive any inheritence in Thailand ? Is that correct ?
If that is the case, it would be wise to clear out of Thailand under 179 days in a year with such inheritence events if you intend to stay long-term overseas ?
It's a whole 2nd layer can of worms this Thai tax stuff now...getting ensnared in other taxes such as IHT.