Thailand J

Have you look into Interactive Brokers and Charles Schwab International account?

Interactive Brokers account has no minimum to open  and no monthly fee. First withdrawal of the month is free and it can be wire transfer or ACH, after the first it's $1 per ACH and $10 per wire. Thai address is acceptable and you can receive OTP on a Thai phone number.

You can transfer from Wise to IB if this youtube video content is true:

If you are talking about TCL I cannot accept the quality. I went to Thai wasadu and Homepro to look at TCL units on display but decided on Haier. Installed 4 at my new house so far so good.

Pay a visit to this shop which has the lowest prices on A/C units I can find, not include installation of about 1500B. It's the yellow 3 bays shop.

https://maps.app.goo.gl/PicPqu5aVLnc3LBLA

5 hours ago, TravelerEastWest said:

What is the LTR email address for questions?

goto https://ltr.boi.go.th

click on "CONTACT"

Very quick replies to my questions.

I live on investment returns which are not protected by US-Thai DTT, you can imagine my anxiety .Thanks to you I am one step closer to confirming what are exempted, though nothing is certain.

Applying for LTR was easy since I have my documents online. I  had submitted  my application on Oct 11 but I did not sleep well with the fact that someone has my US tax returns and investment accounts information. Early next day I signed on and deleted the uploads. The status changed from pending to draft.

Middle of this week after I  had submitted redacted documents  the status changed to government agency review in a few hours. The next day I got a request for proof of health insurance and the status had changed to document request. I am going to AXA insurance office on Monday and will get my LTR visa soon. Cheers!

On my last road trip I paid no corkage at Tawandeang Buriram. Blend 285 signature was only about 400B at 7-Eleven. Took the left over to Tawandeang Pisanuluk the next night paid 100B only.

cont.

This is translation of part of what's on the website, ทรัพย์สิน has been translated to "assets" by mistake except at the start and at the end.

ทรัพย์สิน seems not limited to real estate.

One step at a time. LTR visas offer tax exemptions which other visas dont, If you qualify, apply.

On the tax form in the section pertaining to rental income,  ทรัพย์สิน has to mean real estate.

I still believe on RD 743 it includes all investments. We'll see.

It's strange that RD 743 Section 5 mentioned only 3 out of 4 types of LTR visa holders.

https://www.apthai.com/th/blog/know-how/knowhow-what-is-asset

If you sell after one year of ownership, 92% of the sales price/land office value is tax free.

After two years it's 84% and so on, as per table below. So dont worry if the seller lowers your cost basis on paper.

4 hours ago, Fortunateson said:

I assume to lessen income tax payable for capital gain.

the 35% reduction will lower your cost basis but in thailand the cost basis will not be used to calculate  your capital gain tax when you sell in the future.

In Thailand real estate capital gain tax is based on market value and years of possession, nothing to do with your cost basis. The land department will also accept market value instead of actual sales price.

48 minutes ago, Sheryl said:

today I can get in

Cheers!

Just my opinion. Property should include investments.

Interest, dividends, capital gains are not exempted? Aren't they incomes from properties ( stocks, bank accounts) ?

10 minutes ago, Sheryl said:

the email is already registered

 Click on " Forgot password?", see what happens.

10 hours ago, frankstraube said:

Do they ask every year to see that insurance renewed?

I don't think they want to see proof of insurance yearly. The LTR is not 10 yr visa. They want you to pay for 10 years upfront but the stamp in your passport is only 5 years, after 5 years you may have to submit new documents to get another 5 years stamp, so you should keep the insurance policy effective.

You can submit your application without an insurance policy,and buy the insurance once your application is approved. Submit this form instead of an insurance policy:

https://ltr.boi.go.th/documents/Document-Request-Acknowledgement-Form-for-LTR-Application.pdf

Last month when I read about the new TM30 site I went ahead and file a new report, printed a screen shot and save it with my passport.

I have not been traveling since but yesterday I received an email about the new TM30 website which I will just ignore.

After the money is received, go to your Thai bank to ask for a print out of the detail of the transfer.

4 minutes ago, retarius said:

I really would like to make a trip to US and sort out some system that would allow me to have my bills paid out of a US bank where I have pensions paid in

Scwab, IB and Fidelity brokerage accounts come with a US checking account , believe it or not. You can use the checking account ( ABA number and account number) to pay bills in US and to receive payments.

16 minutes ago, jmd8800 said:

I am looking for a bank or credit union in the USA that has the necessary format (IACH ?) to make deposits into Bangkok Bank New York

Instead of a bank account and IACH, consider brokerage account and wire transfer.

Schwab, Interactive Brokers are user friendly, everything can be done online.

Vanguard and Fidelity if you have the time to set up.

6 hours ago, frankstraube said:

I have realized that they don't actually ask for money in a bank account, but for a "money deposit".

In lieu of insurance you need to deposit $100,000 in a bank account. Thai bank or a foreign bank, but not deposit in a brokerage account which does not count.

Insurance for LTR visa is availabke at AXA, The EasyCare Visa Health Plan where the premium depends on your age and the deductible, if you need an insurance policy just to please BOI.

Invest your $100,000, and the return should be more then enough to pay for the the insurance.

Example: with 300,000B deductible, yearly premium is only 5865B  ( age 56-60) or 17350B (age 61-65).

4% return on $100000 is about 140,000B, 10% return is 350000B.

4 hours ago, bignok said:

So what is Obamacare then?

More tax on the rich.

Net investment income tax of 3.8% on investments, including the sale of stocks and bonds for those who earn more than $200,000.

IRS Form 8960. example: