beammeup

Why? maybe you have sufficient savings in your Thai account. Or you have a stash of gold bars.

Just ignore him. My plan is very similar.

This gifting thing needs clarification, my understanding is that when you send the money you will be taxed but she is not liable for tax. You will be remitting the money so you pay tax.??

So loans, tax credits etc... is this not the same as a credit card? Can I just use my offshore credit card to remit money?

This is pretty much the question I was asking earlier, although more thoroughly laid out. You better hope they have some very smart people working at the RD, and that they are all on the same page. Bottom line is that we need much more clarity. Like quickly!!

Could you elaborate on the 2 years seasoning. First I have heard of that. Maybe I am missing something?

An obvious solution is to not co-mingle. Added complexity to my simple life

No I am not an accountant. I get what you are saying but I have my doubts that the RD will see it that way. I can just imagine trying to explain that I am not transferring the income part from my co-mingles account just the savings part.

if you make a transfer from that pot to Thailand how are you (or they)to determine if it is "old savings, new savings, new interest and other things" its all fungible.

And if its co-mingled with savings?

So income from assets outside Thailand.... You only pay tax on the income? Not the entire remittance? So if I have a bond generating 5% interest and I sell it and transfer to Thailand I only pay tax on the portion that was interest? Not the principle? How is anyone going to figure out what is what?

She says bank transfers from personal accounts are not taxable? Really?

This post is illogical.

or you can buy condos, houses, cars, and Rolex's in Malaysia, Singapore or Hong Kong. and just not bother with Thailand. OK maybe not cars in Singapore.

OK so you bring in enough to live on say 800K or so. You pay around $2k tax. Not a big deal BUT! if you want to buy a condo, house, car, rolex etc... it will cost you an extra 30%. This is the problem.

I think thats the plan

TBD

Exactly, this is very important new info. I am glad the dude made this video, it sums up what has been hashed out here plus adds this new info. Also there are new questions like if I was non resident and but became resident could I bring in earnings from 2 years ago or 3?

Thought you were going to say Thanks for all the fish.

wut?

good info. Looks like Malaysia is not much different. I am sure many of us were considering there as an alternative.

I think it must be the place where he is from. Must be a big fan of Bell End.

The point is I am agreeing with you that its crap

Well he said 200 pages of crap when it is only 114 pages of crap so he does have a trend towards exaggeration.

So we are clear, that it is not clear that gifts remitted from offshore to a spouse are assessable?