AlexRich

52 minutes ago, OneMoreFarang said:

I understand that fb shows all that information. But what I find difficult to understand why so many people believe all that $#$@. Why? It seems if one person tells us the earth is flat we think that guy is a nutter. But if 100 "friends" like that story then in must be true. Really? How stupid are those people? And don't they watch any news outside of fb?

To answer your question, very stupid, and probably haven’t read a traditional newspaper in years. No one gave a toss about the EU or Scottish nationalism until the rise of smart phones and social media. In the US you have a psyops operation like Qanon being used to garner votes for Trump, and scum like Cambridge Analytica using manipulative propaganda to nudge voting intentions. Culminating in a young guy with a loaded gun being arrested outside Comet pizza in DC on a quest to save children locked in the “basement” being served up to paedophiles. If he had got inside his first problem would be to find a basement it doesn’t have. Social media has made the world angry and mad. 

On 3/26/2021 at 3:10 PM, partington said:

Just need to point out that this is only completely true of dividends/interest from non-UK domiciled investments, which are not taxable at all by the UK.

 

Dividends or interest arising from UK companies or banks,  or from any fund or ETF that is domiciled in the UK, are only completely non-taxable if you do not need to use your personal allowance - currently around £12,570 - to offset other kinds of UK income, such as rent from a UK property.

 

If you have no UK  income other than the UK-arising interest /dividends then this is indeed non- taxable (this is referred to as "disregarded income" by HMRC). 

 

If, though, you also had £12,570 income in the UK from other sources, like rental from a house, you would have to either choose to use your personal allowance to offset  tax on that £12,570, and pay tax on UK-arising dividends/ interest OR not pay tax on UK-arising dividends and interest, and pay tax on the £12,570 other income. 

 

Personal circumstance and the  balance between the exact amounts  of UK-arising dividend/interest  income and other kinds of UK income will determine which choice results in least tax.

 

If the  total of both your UK-arising non-dividend/interest and dividend /interest income is less than £12,570 this is still all offset by using your allowance so the question doesn't arise.

 

This is explained on UK HMRC site here: https://www.gov.uk/government/publications/non-residents-and-investment-income-hs300-self-assessment-helpsheet/hs300-non-residents-and-investment-income-2017

My suggestion was that he set up a brokerage account outside of the UK, say Luxembourg or Switzerland. The only brokerage account that he can have in the UK that’s tax free is a stocks and shares ISA. The issue with that is that you cannot top it up with £20k every year once you become non resident for tax purposes.  It is effectively frozen, but you can still grow it if you invest successfully. This would have to have been up and running before he leaves the UK.

But if he is based in Thailand and he is using an offshore brokerage to buy UK shares then any gains or dividend income is not subject to UK taxation. The personal allowance in this situation becomes irrelevant. It would only be relevant if he was buying UK shares using a broker situated in the UK. And as I stated, the advice is to set up an offshore brokerage.

Of course any assets based in the UK that generate an income or gain are potentially subject to UK tax, with the exception of a tax sheltered product like an ISA. So if he rents an apartment then tax applies. But I don’t think that this is the case for the OP?

The other thing to add is be careful about visits to the UK. If you return to the UK and stay too long you become resident for tax purposes. And if you return to the UK within 5 tax years then any gains and income earned during your period overseas is liable for tax, unless it’s a contract for employment for at least 12 months. This area is complex so you need to think carefully and seek advice if you are returning to the UK or visiting more than 30 days in a tax year. 

12 hours ago, dginoob said:

Capital gains or dividend income will not be subjected to UK tax, but will it be subject to Thai tax?

No, if you are careful. The Thai tax year runs from 1 Jan until 31 Dec I believe (if I’m wrong someone will post). 
 

The important thing to understand is that if you bring profits from gains or dividend income into Thailand in the same tax year as they were earned, you are technically subject to Thai tax. So a dividend received in September 2020 can be brought into Thailand in January 2021 without incurring a tax liability. If you bring it in December 2020 it’s taxable.

I’m pretty sure that’s correct, but if I’m wrong someone will post. 

On 3/8/2021 at 5:46 AM, Fairynuff said:

Is there an upper limit on the value of a trade?

Depends on the market capitalisation of the company and the level of liquidity (number and volumes of buyers and sellers). You could easily buy £30,000 of shares in Glaxosmithkline on one transaction, but might struggle to buy £1,000 of a small AIM share, and with them the buying margin is likely to be high (difference between buy and sell price). So, it depends.

Great story, and great for him to be doing so well in this new venture. But ... for every early school leaver who did well many more didn’t, so best take your education as far as you can ... no one can take it away from you, and you’ll probably end up better off.

I think there are clearly bubbles ready to burst in areas of the investment universe ... crypto currencies, technology like Tesla, etc. But on the other hand you will find beaten down stocks that are set to benefit from the Covid-19 reopening end game ... travel, leisure, airlines, hotels, etc. The UK market is historically cheap. 
 

I suspect we will see something similar to the dot com bubble, where money flowed out of growth and into value. The difference between the two is historically high. If inflation takes off I would expect financials and commodities to do well. 
 

So whilst I can see bubbles bursting I don’t think we are looking at a crash in every area of the market. 

3 hours ago, McTavish said:

<deleted>. You're as bad as news reporters and their sensationalist fake news headlines.  

 

2012 was far worse.  Recent years have been a huge improvement over that. 

 

Get proactive and put out some spot fires or  move somewhere that's not experiencing a hot dry season.

So CM and rest of Thaioand, has had some bush fire smoke?  Big deal.  At least it's not full of industrial pollutants.  Blue sky today over Mae Hia.

You forgot to mention that Covid-19 is a hoax?

13 minutes ago, onebir said:

Seems difficult to marry a local though?

A definite plus if true.

I’ve only been to Phnom Penh and it was pretty grubby, with people openly urinating in the streets. However they do have a pretty decent mall and an area with pretty nice cafes. I felt pretty safe there. However, I didn’t find it any cheaper than Thailand, so I’m surprised by the article. On balance I prefer Thailand and Vietnam.

I don’t or can’t think of any reason why you would not be able to do this. Indeed, if you are close by and looking after his daily needs it might be a good thing. But I am wondering whether your father could handle the heat and humidity, and would he still be able to do everything he enjoys in the US? And for some that might be as simple as a TV show. Good luck.

Anything that reduces calorie intake will do the trick, but that one doesn’t seem sustainable. The body adapts to fewer calories so when you stop it the extra food you eat thereafter is converted into fat stores. Reduced calories coupled by higher activity levels should work ... will take longer but can be incorporated into lifestyle such that the weight loss is maintained.

I’ve read about those dogs, I think they nip at your heels, the herding instinct is strong. I was thinking there must be some kennels in the area you could drop him off before heading to town? An internet search might do the trick.

7 hours ago, elliss said:

 

   Fyi , there are two sizes available , six and nine inches .

    On special discount @ Amazon ..555

     

So I have to suffer three inches over the side? Worth complaining to Amazon!

4 minutes ago, elliss said:

 

    Erectile disfunction ?. 

   Get a Kindle ..

To lean it on?