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beammeup
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Everything posted by beammeup
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Could you elaborate on the 2 years seasoning. First I have heard of that. Maybe I am missing something?
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An obvious solution is to not co-mingle. Added complexity to my simple life
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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.
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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.
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And if its co-mingled with savings?
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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?
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She says bank transfers from personal accounts are not taxable? Really?
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This post is illogical.
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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.
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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.
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I think thats the plan
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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?
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Thought you were going to say Thanks for all the fish.
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good info. Looks like Malaysia is not much different. I am sure many of us were considering there as an alternative.
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I think it must be the place where he is from. Must be a big fan of Bell End.
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The point is I am agreeing with you that its crap
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Well he said 200 pages of crap when it is only 114 pages of crap so he does have a trend towards exaggeration.
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So we are clear, that it is not clear that gifts remitted from offshore to a spouse are assessable?
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So theoretically if you wanted to buy a vehicle or condo, you could gift your wife the money (transferred from overseas) to do so as long as the purchase is in her name?
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Those gifts will need to be remitted. Is it clear that the remittance is tax exempt?
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You'd probably pay more in Western Union fee's than the Thai tax.
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The part about the no queue might not last long
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Will you have to pay tax on the money you remitt to pay your tax
