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18 minutes ago, Sheryl said:

Are you extending based on retirement or based on marriage to a Thai?

Retirement

I have read lots of information from various sources that seems to be a little bit contradictory, so I'm hoping to get something a little more concrete with regards to what Jomtien immigration accept.

I do not have any pension, my only sources of income are dividends and rental property income. To be quite honest it's still not completely clear to me whether or not they require evidence of the income. But as these are my only 2 sources I wanted to confirm whether they were accepted.

So I'm looking for somebody that has had a visa extension in the last 6 months in Jomtien using these forms of income as proof or if you have received visa extension without supplying any evidence of overseas income?

Thanks

8 minutes ago, Moonlover said:

I used the T/W transaction slips which were accepted.

Would you be able to tell me if you married them up to bank statements/book or you just simply used the transfer receipt? Thanks

Very simple question has anybody applying for their retirement visa extension and their monthly transferwise payments not showing as coming from overseas managed to use these payments as proof of money coming into the country to satisfy Jomtien immigration guidelines.

I don't require any other advice as I'm very aware of the situation with regards to different options. Thanks

I'm just going over my options for my retirement visa extension.

It would appear that going down the 800000 path is going to be the least hassle.

I'm currently with Bangkok Bank and I'm just looking at exploring other options to park the money (and satisfy the immigration requirements) and receive a small return. Any Suggestions?

If you look through threads I have posted my girlfriend just went through this and I posted about it. Don't listen to idiots that say things like you get what you pay for, and you need a good Western Doctor. Simplistic useless advice. 

If you have any specific questions I'm happy to help you out by PM

74000b 425cc

Really nothing. 

Is my Grandmother's secret recipe for pea and ham soup off the table! 555

Anybody know where to find smoked bacon bones in Pattaya. The type for making soup with, preferably ribs? 

It is one of the few things I have yet to be able to track down here apart from The Big C German and ham hocks. 

20 minutes ago, ubonjoe said:

That might be accepted this year but the requirement is normally 12 months of transfers into the country.

Sorry maybe I wasn't clear. It is 12 months of transfers it's just that the 10th month transfer will also be the seeding deposit of the 100 000b. It clearly won't be exactly these numbers but the basic premise is much the same.

The main takeaway here is that the transfers are all of different sizes to satisfy the 800 000b 

8 x 35 000

1 x 44000

1 x 88 000

1 x 293 000

1 x 100 000

I hope this makes more sense.

Cheers

21 hours ago, ubonjoe said:

I that would be pushing the limit of what immigration would accept.

A larger amount of income would be more acceptable.

Thanks @ubonjoe I'm wondering about your opinion on a reverse situation. 

In the last 3 months I have made 425 000b in transfers (88 000b 293 000b and 44 000b). So if I made payments of 35 000b for 8 months (Total 280 000b) and the 2 months before the seasoning deposit of 100 000b. Do you believe this would be acceptable.

410 000 first 3 months

280 000 next 8 months (excluding 2 months before below)

100 000 2 months before the application

810 000 Total

Jomtien is my immigration office though it's probably not relevant for this example.

I'm not actually proposing an obtuse hypothesis here. This would actually work for me quite well as I pay my rent annually hence the large deposit in the first 3 months. 

31 minutes ago, jesimps said:

On the income part, can there be less than twelve months international transfers, providing that added to the lump sum it totals 800,000 ie 450,000 lump and six months intl txfers totalling 350,000?

So for example on the month that the income was only 44500 May. 

12 x 44500 = 534000

If I seasoned 266000 for the appropriate amount of time would that be acceptable?

Or possibly ignoring May and showing

11 x 65000 = 735000 and seasoning 65000 

But there would be a March and April payment. 

It just seems to me that using the income method it's more beneficial in that I do not have to have 800000 tied up in Thailand for the seasoning period doing very little.

I'm just going to add my question here as this thread has answered many of the questions I had regarding the 65000 a month

So just for convenience I've been relying on the stat dec from the embassy in the past. I have my extension coming up next march. So I'm wondering does it need to show 65000 a month or as long as the total is 800,000 or more that has been transferred is that okay? It is also my understanding that in this first year they are going to be lenient. As there is only 10 months until March next year I would not be able to show 12 months of the 65000. 

Edit. Actually I just realized I had a deposit in April of almost 300,000 but only a deposit of 45000 in May. It seems to me if they accept dividend income they should understand inconsistency?

Cheers 

1 minute ago, PingRoundTheWorld said:

I hope for your sake that you're not paying for it. I know so many girls who've had "boyfriends" buy them boob jobs, to be enjoyed by many other men. Personally I hate the way fake boobs feel and I'd prefer a girl with small boobs to one with fake boobs. Also depends on the quality of the job too, I guess.

One way or another we always pay for it. And yes I probably agree what you say about The Real McCoy, but in this case I think it's an improvement and certainly from her point of view it is. Which really is what it's all about.

38 minutes ago, geoffbezoz said:

Do you have any before and after pictures ?

 

555 Yes!

So just for the record. 

My girlfriend had her boobs done and she is very happy with the results. She used a local Clinic in Pattaya 425cc 740000b.

https://plastic-surgery-clinic-355.business.site/ You can go through their Facebook page and see girls being interviewed whilst having the surgery.

Basically the decision was hers where she went, I only insisted that she did an appropriate amount of research. She selected this one because they had so many positive reviews. We have since found out that it's actually the staff that writes the reviews On behalf of the client, which I was not surprised. I was skeptical of the amount of reviews and the positiveness of them. But the fact that they had no negative reviews was what swayed me. 

My simple understanding of the process I would have no problems in recommending a clinic over a major Hospital. I realize there is always a small amount of danger as they are not properly equipped to handle an emergency, but this is a surgery that is performed regularly in Thailand at clinics just like this under local anesthetic.

19 hours ago, sikishrory said:

I was advised by a number of people to close all bank accounts.

RE: Voting... I believe you also need to remove yourself from the electoral roll.

Number 1 "selling property" also applies if you move back to Australia and then sell it. They will still tax you crazy CGT on the rise in value for the years you were away.

With regards to your last point I don't think that's going to be a problem the way the market has being going! 555

But I'm also interested to know if you have anything further to offer regarding the closing of bank accounts I have not come across that piece of advice?

On 5/17/2019 at 1:13 PM, 4MyEgo said:

Just remember the tax wiz is only as good as the information you completed, and I have to say 5 years sounds odd ?

Yes I agree but I was completely truthful and that's the result he gave me. Possibly something to do with the fact that I return to Australia every year. No specific length of stay in Australia.

1 minute ago, sikishrory said:

It's correct.

Do you know if this relates back to the double tax treaty. 

I really know nothing about my tax liabilities with in Thailand with respect to being either a resident of Australia or a non-resident for tax purposes.

I guess it's a bit naive but as all my income is derived from Australia I guess I've given precedence to that. 

On 5/14/2019 at 5:11 PM, 1 said:

I find this extremely interesting what you were saying about the double tax treaty and how you are judged as it flies in the face of just about everything I've read.

 

Personally at this stage I'm not interested in It's going down the ruling path as it appears to me it is far too open to interpretation IMO and I assume it cannot be done with anonymity?

 

I appreciate you do not want to share the letter but I would be interested in hearing more general specifics with regards to your situation if you don't mind sharing. Particularly the what you believe impacted their ruling. 

 

For mine I'm in my mid 50s retired and derive my income from shares, both dividend and capital gains and rental property. I also currently return to Australia annually for a few weeks. No real superannuation to speak of and no hope of ever getting the pension.

 

Anyway I would really appreciate any further information you're prepared to share.

 

Cheers

Hey @ThaiBunny I'm not sure if you missed my post here I'm really interested in any further feedback you may have With respect to your tax ruling. 

Like I said in a following post I wasn't talking about the interpretation of your ruling but rather of the interpretation of the tax department rules.

On 5/17/2019 at 12:30 PM, 4MyEgo said:

 

You are correct about there being no capital gains tax being payable on your shares as a non resident.

I missed this in @Thaidaddy original post.

Are you sure this is correct? It seems very odd to me.

On 5/14/2019 at 3:34 PM, thelovedone said:

I am also classed as non- resident for tax purposes. Below are three tax laws that affected me were.

 

1.Sold an investment property in Australia- Result: No 50 % capital gains deduction is allowed. I was taxed on 100% of the capital gains. Ouch... didnt see that one coming!

 

2. No tax free threshold applied  on any Australian  income. Result: 100% of income subject to income tax.

In my case i receive rental income.

 

3. Savings in Australian banks. Result: Interest paid on savings attract a 10% witholding tax.

Would I also be riding assuming that you are not able to claim any deductions for expenses to derive that rental income?

This is my major reason for looking at moving completely into the share market to you have franking credits offset my tax liability.

2 hours ago, sikishrory said:

I think that is a much better approach. The property complicates things and is not a great investment anyway with capital gains and all. Shares better as theres no tax returns to do and no moving large amounts of money attracting austrac attention. If you decide to one day move back your money is there waiting. 

Do you use the BT or HUB24 platforms by any chance?

No I'm not familiar with either of those platforms.

Is there something that they offer that would be of use to my situation do you think?

14 hours ago, sikishrory said:

A brief look at your starting post though leads me to believe you got a long road ahead with ties to Australia and a transition period that hasn't even begun.

Yes that's why I'm looking to try to get a broad base of information to work from. My loose thinking assuming I wanted to stay in Thailand after my "extended holiday" would be to move out of the property market and into the share market looking for a portfolio of predominantly fully-franked shares. But that is just a loose idea assuming I become a non-resident for tax purposes. 

7 hours ago, ThaiBunny said:

Not sure why you think a ruling is open to interpretation. It's binding on the ATO once they've issued it to you. That's the reason why it can't be anonymous

 I wasn't meaning you're ruling is open to interpretation I was meaning that the current legislation and rules are open to interpretation hence the requirement of a ruling to ensure accuracy.

1 hour ago, ThaiBunny said:

So clearly you have a document from the ATO that specifically says the Double Tax Treaty does not apply to you? Or you simply concluded off your own bat that it didn't apply and told the ATO that you're no longer tax resident?

I find this extremely interesting what you were saying about the double tax treaty and how you are judged as it flies in the face of just about everything I've read.

Personally at this stage I'm not interested in It's going down the ruling path as it appears to me it is far too open to interpretation IMO and I assume it cannot be done with anonymity?

I appreciate you do not want to share the letter but I would be interested in hearing more general specifics with regards to your situation if you don't mind sharing. Particularly the what you believe impacted their ruling. 

For mine I'm in my mid 50s retired and derive my income from shares, both dividend and capital gains and rental property. I also currently return to Australia annually for a few weeks. No real superannuation to speak of and no hope of ever getting the pension.

Anyway I would really appreciate any further information you're prepared to share.

Cheers