@Mike Lister
Would you please have a look at my brief write-up if I understand the matter correctly.
Concerning my Tax exposure.
I am an Australian non-resident for tax purposes and a tax resident of Thailand. I am married to a Thai lady, and our marriage is child-free. While I do not have health insurance, I am able to pay private hospital bills using my AMEX card account.
Before January 1, '24, and by adhering to the 'one-year rule,' I loosely remitted funds to Thailand as needed.
My Australian private pension income and other financial benefits obtained from investments in Australia are tax-free, and I believe that they are regarded as assessable income in Thailand under some 'Internal Regulations'.
Since income that is remitted to Thailand is taxable here, regardless of the year it was earned, I should now be extra cautious and vigilant, avoiding or minimizing my tax exposure. Is my understanding of the above correct?
Concerning International Gift Tax Rules.
If I wish to purchase a new car, make renovations/improvements to my wife's house, or receive special treatments in a private hospital, and wish to remit, say, THB 2M to cover these extra costs, my tax exposure would be THB 262,500.00 (I used the spreadsheet provided by 'pauku1' posted January 26, https://aseannow.com/topic/1318120-revenue-department-contact-reports/#comment-18647010).
If this is indeed correct, could it be construed as a gift (a legitimate tax avoidance/minimization) by remitting the said funds directly from my Australian bank account to my wife's Thai bank account?
If this scenario is deemed acceptable, will my wife have to complete a tax form and notify the RD? (Presently, Australia has no Gift Tax Rules).
Concerning International Inheritance Tax Rules
Presently, Australia has no Inheritance Tax. As I am now on a steep, slippery slope, I am wondering if my wife (the inheritor) will encounter inheritance tax implications once my considerable wealth is transferred from Australia to her Thai bank account(s)?
In one of your posts you mentioned "Inheritance and Gifts between certain family members in Thailand are free of tax, up to a maximum amount and subject to certain conditions." Are these conditions applicable for the above mentioned assumption? (Sherrings Tax Insights have no reference to Inheritance/Gift Taxes sourced from overseas).