SHA 2 BKK

It depends on when you move to Thailand - if you have concerns move here after July 2 and remit the funds then. You won't become a tax resident until you stay here 179 days in a calendar year. Yes your UK Tax payments should be offset by a DTA but it depends on the marginal rates of tax on the UK and Thailand. But to be totally tax free in Thailand on remittances move here in the second part of the year and remit the funds before the end of the sane year.

I don't know the tax law surrounding inheritance in the UK but as your mother gave title to you this well before January 1 2024, as part of your inheritance, and from your further posting its valued at less than 100m baht I think it would not be assessable in Thailand. I just googled inheritance in the UK and for Children the following showed before it is a taxable event in the UK - but as with all tax matters I would seek expert advice or do more research. Perhaps even have a UK solicitor note the early inheritance from your mum in an updated Will or letter? "If you give away your home to your children (including adopted, foster or stepchildren) or grandchildren your threshold can increase to £500,000."

Fair approach mate - stand your ground and ask the hard questions - truly wish you Chockdee.

You could argue that it is an "early inheritance". My parents, who are still alive, gave all us kids access to some of their estate. A solicitor drew up the documents and its totally tax free in Australia - may hold true in Thailand but TIT. My parents reasoned they didn't need that part of their estate and were pleased to see kids and grandkids (now also great grandkids) enjoy the inheritance whilst they are alive. Unless the value is over 100m baht you may be on solid ground. "Inheritance tax in Thailand, introduced in 2016, applies to both Thai nationals and foreigners. The tax is levied on the transfer of assets, including property, to heirs. This act applies to both Thai nationals and expatriates, with the tax levied on the value of inherited assets exceeding 100 million Baht. The tax rate is 5% for direct descendants and ascendants and 10% for other heirs." https://kellerhenson.com/inheritance-tax-thailand/#:~:text=The inheritance tax rate in,Yes%2C there is a threshold.

Interesting - in Australia where I keep the majority of my cash at 5+% interest, the witholding tax rate for me is 10% (as per Australian Thai DTA) whereas for Australian Tax residents its counts as assessable income so if I was to live in Australia it would be taxed at about 37%. It must be declared at tax time and there are even boxes in the Australian Tax forms to note this and other DTA impacted income.

Thank you good sir for a very good and well researched post. I wish i could give you 10 likes!!!

I'm not "vexed" at all. There is simply no place on the current forms for me to file. All remittances were from pre 2024 savings, my Pension is specifically excluded under my country's DTA and I have an LTR Visa. Even you have admitted that you are waiting for an updated form and will wait until the last day of February. If no updates arrive you will again go to your local RD and try to file using the existing forms. I do hope you get a different officer this time for your own sake.

PND 95 is for the 17% flat tax rate for Highly-Skilled Professionals LTR Visa holders. Most people who have the “fancy” as you call it LTR Visa are not in this category and as such PND 95 is not intended for them. From memory oldcpu is a LTR Pensioner Visa - so like me this form does not apply.

All good digger

And since you suggest we have a look at the Austcham Site re this topic here is what they say: “The instruction, dated 15 September 2023, states that a tax resident of Thailand who derives assessable income from an employment or business carried on abroad, or from a property situated abroad shall, upon bringing such assessable income into Thailand, pay tax on such income.” Note the word “assessable”. Your UK Pension which you claim is not subject to taxation via the UK Thai DTA means logically it’s not assessable. And as you’ve said previously there is currently NO Thai Tax form capable of recognizing this remittance. But as you keep saying in the next 70 or so days perhaps we will be ordained by one of these forms from the powers that be.

October 1 2024.

Ok matey. I’ve had a gander at another of Carl Turner’s videos. In it he had a specific case study (Pension Case Study 2) of someone who remits (Non-Assessable Income). At the 25.20 minute marks he states clearly if your income is Non Assessable “Don’t need to add these to a Thai tax return. No TIN needed if only source “if” income”. I’ve attached a screenshot FYI.

Hey mate I'm agreeing with you - trust a Septic to have a go with friendly fire! I think you mean The Cylclist - not this little Black Duck.

No it's logic - no strawman to be seen - pure and simple. There are about 70 days to go until lodgement needs to be completed for most and as you have just highlighted there is no update form and no new form to cover exempt remittance. Your words - nothing, nadda, crickets. No form currently exists and about 70 days to go. Is that why you have not lodged yet?

That's not true and even says so in the video YOU posted yesterday - hell even the RD says if you buy and sell a watch in 2024 overseas and remit funds it's not taxable. As Bob Hawke said - you can't legislate for "Stupid".

And which part of the Thai Tax return does one list the "DTA's, Tax Credits and fancy Visa's" pray tell?

But in the video you posted yesterday just after the 30 minute mark if my memory serves me correct the chap from the Revenue Department said if you have no assessable income (Carl Turner paraphrased that after) no need to get a TIN and no need lodge a return. Your video. The one you posted. I repeat that. Your video no assessable income remitted no TIN and no need to lodge a return. From the horses mouth. So if your only income remitted in 2024 is your UK Government Pension which is, as you describe above, and you are sure it is exclusively taxed in the UK via the DTA then obviously it’s not to be assessed in Thailand. That’s what is explained the the video YOU posted yesterday by the representative from the Thai Revenue Department. Maybe you will invoke that “it’s against the spirit of the game” just to get your DTA UK pension somehow included in the Thai Tax system even though there is no spot in the tax forms to put it!!

Not sure mate. The builder purchased it locally. He said he can use for future projects. But I just looked on Temu (don’t judge me 5555) and one that appeared the same as his was about 6000 baht. Good Luck with it. It’s a real pain.

I had a new place built at Cha Am. After two years noticed damp patches in my ceiling on the ground floor (two floor place). I have a good builder who came and cut into the ceiling to let the water drip. Water had been slowly seeping into our concrete beams and finally dripped into the ceiling. For the love of all of us we couldn’t locate the leak! He was ended up buying a Thermal Camera which was used to great effect. Leaks behind walls showed immediately. Turned out the bloke installing the mirror in one of the upstairs bathrooms had drilled through the tile and into the water pipe to the shower. Damned unlucky but the Thermal Camera was a game changer.

The Cyclist 55555

Absolutely not! I don't give Tax Advice and certainly not Thai Tax advice - everyone should be aware of the rules and laws and their own personal circumstances - the best I can offer is that they seek professional advice from a Thai registered advisor if they are in doubt. However as part of this forum and noting my personal Thai tax considerations, per the video posted this morning and taking the advice from the nice chap from the Revenue Department not to seek a TIN and file a return if one has no assessable income, see no need to file a Thai tax return this year. I have saved pre 2024 income, a DTA exempt Pension and an LTR Visa - I can easily prove all of this if ever requested. Everyone's situation will be different including yours KhunHeineken.

I have a Government Service Lifetime Pension that is specifically mentioned in the Australian Thai DTA and is only assessable in Australia. Why will I be redirected to the TRD at time of next 5 year LTR stamp? Who will direct me there? BOI who have told me my income is tax exempt? Please elaborate? As the Tax Officials and Carl Turner noted in the video posted earlier this morning there is simply no need to get a TIN and lodge a return if there is no “assessable income”. As I noted in my post which you question: 1. My remittances are from pre 2024 savings (bank statements printed and readily accessible online for the next 10 years). 2. My Government Service Pension is specifically mentioned in the Australian Thai DTA as not being assessable in Thailand. 3. I held an LTR Visa for the period which according to Royal Decree 743 excludes remitted income from taxation. So cobber I’m pretty comfortable in not wasting mine and the Thai RDs time. Everyone however is different including your good self. PS if you do own 10 rental properties outside of Thailand might pay you to do some research on the LTR Visa. Might save you a quid.

Well in my case, if they come a calling, I will show them my 2023 December 31 Bank Balance, Australian Thai DTA which specifically exempts my Pension and my LTR Visa to boot. I don’t have to see immigration for another three years and will continue to keep the same paperwork as I described above to prove my exempt income. As for ten rental properties back home - I wish!!

In Australia most kids learn to swim before Primary school. At Primary School swimming is usually part of the PE lessons. Babies as young as 6 months start their first lessons. Taught from a very young age not to panic. All pools are fenced by law. Australia has a very high number of household pools and is of course surrounded by sea. The great Australian swim coach Laurie Lawrence has led a very successful campaign to have kids as young as 6 months taught swimming. That being said most of the Thais (and Chinese where is also lived) are scared of water and do panic when it’s gets deeper. Very sad story above. “Baby swimming lessons generally start at around 6 months. Usually, lessons involve a small group of parents and babies who learn through fun activities and play. Parents and carers always need to be with babies in the water”. From Pregnancy Australia

Perfect as we have been saying! 30.30-30.50 mark the money shot.... No assessable income eg. savings pre 2024, DTA non assessable Income and LTR Visa (logically) no need for a TIN and no need to file a return. Great find cobber and from the mouth of the horse - put down the glasses no filing for this little Black Duck!