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Peterw42
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Posts posted by Peterw42
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12 hours ago, dlited said:I am recent expat 50's with no plans to work in oz again. I have a chunk of money in term deposits and so far ticked the resident for tax purposes box. I am wondering what other people did in this situation? Does it make sense to move money offshore? Any suggestions where and what banks? HSBC looks a possibility. Would it make sense to pay money into super, and then try to start drawing it at 60? Do super care whether we are non resident?
Just leave the money in Australia and in term deposit, they don't tax savings and you can earn $20k in interest before its taxed.
You have already earned that money and paid tax on it, so no real advantage paying it into super now.
If its a significant amount of money, why not buy a rental property, then live off the rent.
The idea is to do everything to remain an oz resident for tax purposes, own a house, earn and declare income, do tax returns, vote, etc etc. Earn $20k a year in Australia, tax free, and live off it in Thailand.
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Way easier to apply when you get to Thailand. Less requirements like residency, insurance and police record. Simply arrive on a 30 day stay or tourist visa then apply.
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OP, why does it have to be an online job ? Why not just buy/setup a bisiness, plenty of guys own laundries, small restaurant, coffee shop, rent scooters etc. You dont need to work in the bisiness, and it provides an income.
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9 minutes ago, Mike Teavee said:
I'm assuming there's a way of searching for your entry & doing a screenshot of it that is acceptable to immigration as numerous people get TM30s from their hotel when they need to do something at immigration.
The whole point of the online system is "its in the system". There is no need for a receipt as immigration looks at their screen and sees the entry, if there is no entry it means it hasn't been done.
Immigration dont ask for a receipt to prove a tm30, they look at their screen.
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14 minutes ago, JoeyMac said:
Guys we've just moved in to property. Our agent has said he would do our TM30, which i thought was unusual.
How do we check if it has been done? I had a look at the website, felt lost, and ran away from the screen.
As above, the agent can take a screenshot of the entry, but otherwise you have to take their word for it. You will find out soon enough if you present at immigration and they say it hasn't been done, then get the agent on the phone.
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4 minutes ago, Mike Teavee said:
Nothing unusual about your agent doing the TM30 (most agencies will do it online for you) but they should give you a "Receipt" (either from immigration if they did it in person OR print out from the system if they've done it online).
So simplest way to be sure is to ask your Agent for the TM30 receipt.
The online system doesn't generate a receipt or give the option to print, the best you can do is maybe a screenshot of the entry.
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21 hours ago, scubascuba3 said:
Interesting, surprised they allow it as it's in a company name. You don't pay the annual property tax?
Its a minimal amount, 100 baht, The same as occupying a condo with normal ownership.
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3 minutes ago, scubascuba3 said:
Yep, won't help those with houses or condos in Thai company name
I have a company owned house, and I am in the yellow book (wife in blue). Pattaya ampher accepts this as owner occupier. Probably depends on the local ampher.
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29 minutes ago, bigt3116 said:You are correct but it has nothing to do with having a yellow book
No mention of yellow book, you only pay property taxes on purchase, sale, and any profit you may make from the condo, ie rent
Owner occupier has paid the tax on purchase and as they are not renting out, they have zero tax liability
You are confusing two different taxes. The webpage you quote is talking about transfer tax, tax when you buy or sell a property,
Property tax is a yearly tax on property, land, condos, houses. This tax is levied by the local ampher, is charged on rented properties, vacant properties, land not being farmed etc. Owner occupied is exempt, so is land being farmed (this is why you see a block of land in the middle of Bangkok with a couple of banana trees planted on it,
Most amphers will charge the full tax rate unless you can show that you are owner occupier, and most will want to see a yellow book.
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36 minutes ago, bigt3116 said:
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Can you explain that further please
Tax isn't charged (or a minimal amount) if you are owner occupier of a condo, Being in the yellow book proves you live in the condo.
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OP, is this something you would routinely do in your home country, change the locks when you rent a place, and not give the landlord a key ?
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8 minutes ago, DonniePeverley said:Guys quick question. We noticed when we went to look at appartment, the landlord could place his hand on the door sensor (when you put the card), and some numbers would come up and she typed in a code to get the door to open.
I didn't like this.
Do i have rites to change this number, or would that be wrong ?
That's no different to the landlord having a key to their property, Keys or codes don't often get changed everytime a new tenant rents a place. It would get very expensive, especially on a short term rental like airbnb.
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OP, there is no data or accurate figures as to the value of your condo. In Thailand, properties change hands and the price is not public knowledge, only the buyer and the seller know the actual figures.
Anything else, including HipFlat or similar, is based on "asking" price not actual sales price.
So long as you didn't overpay when you bought the condo, its probably worth what you paid for it. The Thailand market doesn't have incremental rises each year like western markets, most of the time properties are the same value they were 10 years ago, only the (never achieved) asking price has gone up.
A lot of the time, the low land office valuation is a more realistic figure than the asking prices.
I have bought and sold 3 condos in Thailand, and the sales figure has always been way less than any listed asking price of similar properties, sometimes 60% of asking prices, and always closer to the land office appraisal figure.
This is why you always hear people talking about how bad the Thai market is, its because people originally bought at the ridiculous asking price, now 5 years later their property is still worth its original value.
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Usually around 2,000 baht. Keep in mind, if you are replacing an old one with an inverter type, that requires an extra switch wire, that could add to a standard install.
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I'm sure Lazada would have what you are looking for
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OP, in the 10 years you have lived in Thailand, have you continued to do tax returns, voted, kept a house in Australia etc.
Or, are you like many guys who get great pleasure in declaring to all the government depts that you now live in Thailand.
Are you an actual citizen or have you lived in Australia as a resident prior to leaving
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All the cinema chains have extensive websites, I imagine the current pricing and promotions are on those websites.
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Firstly, read whatever is your responsibility in any lease contract you sign. If it says you have to steam clean the carpets and service the airconn when you leave, the the landlord will probably keep your deposit to cover these thing. Document everything going in, take photos, a jointly signed condition report etc, so no surprises about damage you are accused of doing.
Presuming no money owing when you leave, you are at the whim of the landlord unless you have the time and money to pursue a court case. You could always withhold the last couple of months rent when moving out if you suspect the landlord will hold on to your deposit.
A lease via an agent would probably afford more protection.
At the end of the day, most landlords probably aren't in the business of keeping deposits.
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6 hours ago, zappalot said:What to do if a JPM does not issue the Certification that a unit is free from any liabilities?
As above, no letter means no sale.
Possibly doing you a favor, as the seller may have an outstanding debt with the condo juristic or the condo isn't in the foreign quota etc.
Otherwise, The seller could possibly force the issue by having a lawyer make a formal request
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1 hour ago, durian explorer said:
I am in Chiang Mai. Is there any kind of directory or map of these locations?
Possibly on google maps if you get a thai friend to search in Thai. Otherwise, just keep your eyes open, there are lots around.
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Thais buys condos as well., its not exclusively foreigners who buy.
Depending on the area, the foreign quota may never fill up and most sales are to Thais. There are plenty of condo blocks, even in the expat areas, where the majority is Thai owned
Foreigners still buy in the Thai quota doing company ownership, when the foreign quota is full
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I just did my extension in Pattaya last week. Kor ror 2 required, obtained the day before
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You will get a much better rate changing in Thailand, it can be 5% better in some instances.
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33 minutes ago, Tedly said:
I just did my third extension and have used the same original one every time. I do use an agent, whether that makes a difference I don't know.
I presume the agent is preparing and presenting all the documents, maybe they are getting a kor ror 2.
Just out of interest, does the agent also take care of the finances ?
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Becoming expat in your 50s, money in Australia, what did you do?
in Australia & Oceania Topics and Events
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Any income over the tax free threshold, gets taxed at normal Australian tax rates. The same as its always been for any income you have ever earned in Australia.
Savings in the bank has no impact on tax amounts or thresholds.