If next year I am tax resident and I remitt enough savings to live on (greater than 60k+150K) but they are savings from before Jan 1 2024, so not assessable. Do I still need to do a tax return the next year?
Yah there is a bunch of squareheads who say everything is clear just read the docs. they cant comprehend for us. Well when you get tough questions they disappear.
All this talk about gifting... I thought we established that the gifting (once the funds are in Thailand) is tax free up to 20 mil but the money needs to be remitted first and that may be taxable. One of those things that need clarification. It would be nice if someone has done this and can tell us how it went. Probably we will need to wait until mid next year to find out.
OK so one way to reduce amount possibly is file separate returns for you and your wife. Say we have a joint offshore account, remit half to yourself and she remitts the other half to herself. That way we would both get the first 150K at 0% + 65K and any other reductions.
Assuming its assessable. My income from sale of investment, but in a joint offshore account and she remitts to herself. I have no issues with her being liable, I just want to be sure I am not somehow liable.
How about if you have a joint account offshore with you Thai missus, and funds are sent to an account solely in her name. Any chance the husband will get dinged for tax?