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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

48 minutes ago, oznomad said:

Wow. So much absolute rubbish in some of the replies. How some people form their opinions is bewildering. Facts just seem irrelevant.

I suggest the OP refer to the ATO site. A lot of info is tucked away apart from the main page which discusses the 183 day test, domicile test, resides test, super test etc.

Keep looking and all shall be revealed.

A link that may benefit.

https://www.exfin.com/australian-tax-residency

Thanks I I've been a bit busy today and haven't had a chance to look at everything in detail here on the thread.

Just for the record I'm not interested in pensions etc.

I have already started my investigations on the ATO website but I wanted to get some feedback hopefully from people that have been through this experience. Because in my experience technical reading and on the ground experience can be quite different.

Like I said thanks to all that have left feedback and I'll get more involved tomorrow.

I'm an Australian resident currently residing in Thailand. Before I left Australia I did their tax wizard to determine my residency and for five year period I'm considered an Australian Resident for tax purposes. In the near future this is going to change and I will become a NON Resident for tax purposes and I want to be in the best position possible when that time comes. I did a fair bit of research regarding this prior to my departure from Australia as I have a number of considerations with regards to Investments. But as anybody that has been through this recognizes that its far from clear cut.

So the Investments that I have in Australia are shares, a rental property and my own personal home and my preference would to be to continue to derive my income from Australia which is currently the case. I am aware that there is a change potentially happening regarding the sale of your personal home that I think is being discussed in Parliament now but I don't want to really include this as part of my question as currently it is an unknown.

I guess I'm after Australians that have been through this with either shares or property or both and what they learned along the way. It's obviously very complex so I'm not expecting comprehensive answers but I am hoping to hear from anybody who has been through the same process and what they did and what they would possibly do differently.

Thanks in Advance

11 hours ago, Bang Bang said:

Lordie, you're cantankerous old fella. I doubt your gf can ever get boobs big or soft enough to make you happy.

Yes I think you're probably spot-on about cantankerous but I don't know about the old! 

But it's tiring just constantly reading posts with people sharing their personal beliefs about what one should and shouldn't do and I'm not talking about this thread in particular. If you read the 20 or so posts that have been posted here it's really only a few that pertain to my OP.

6 hours ago, scubascuba3 said:

7 hours ago, 1 said:

You're drawing a lot of conclusions there. 
 
I'm quoting you but below applies to anybody that has offered the same type of opinion. 
 
I'm not after a life coach I'm after advice on breast enhancement. If I need advice on whether or not she should get it done I'll post a question that goes along the lines of should she get breast enhancement. 
 

The answer to where to go has been given already

I wasn't looking for an answer I was looking for advice

1 hour ago, Bonobojt said:

Tell her big boobs isn’t the meaning of life and it will only make her happy in the short term, tell her to stop looking at other women on Instagram and Facebook and wanting to be like them, tell her you love her the way she is now and make her feel good about her small boobs. 

You're drawing a lot of conclusions there. 

I'm quoting you but below applies to anybody that has offered the same type of opinion. 

I'm not after a life coach I'm after advice on breast enhancement. If I need advice on whether or not she should get it done I'll post a question that goes along the lines of should she get breast enhancement. 

4 minutes ago, Vacuum said:

You're welcome. Point is, you choosed your gf with small boobs and was happy with that. Now she wants to enlarge her breasts and you to pay for it. Does she have a plan... (think excange bf) ?

At what point did I say I was paying for it?

I'm after advice on breast enhancement (and that doesn't necessarily mean a significant increase in the size) not relationship guidance.

1 hour ago, 1 said:

We are both living in Pattaya. 

Just now, Skallywag said:

She will need to find a licensed qualified plastic surgeon.  What city are you in?

 

12 minutes ago, Vacuum said:

Waste of money.

Thanks very much for that well constructed and considered opinion.

5 minutes ago, Briggsy said:

How did you get that forum name?

I was the first one here! 555

So my GF is looking at getting breast implants.

Obviously many guys here have had experience with regards to their GFs having had this done.

Basically I wanted to get an idea of costs recommendations do's and don'ts or any other relevant information from those that have had real experience. We are both living in Pattaya. 

This topic has probably being previously covered but I couldn't find any information. But feel free to direct me if you know of where there is information.

Cheers

There are obviously many post regarding the proof of income affidavit. 

But I had been unable to find anything concrete regarding Thai immigrations stance on this.

So my question is, is there any factual information that Thailand immigration will no longer accept these documents as proof of income or are we still in limbo. 

My thinking being that I could get one prior to the 7th of January deadline at the Australian Embassy and use it for my March 22nd extension. But of course if it's up in the air I'm right on the cusp now for seasoning the appropriate amount of money. 

Cheers in advance @ubonjoe

I have to go for my license renewal in a month or so and a thai friend of mine unsurprisingly does not have a license so I thought we would take the opportunity to sort that out.

Just wondering if anybody has any idea of what to expect and if we can get a Thai version of the questions that are likely to be asked for the test and possibly an English version. I have never actually been through the procedure as I transferred my license from Australia and it would be good if somebody could tell me what is involved in a general sense.

cheers

mmm. Did I do something wrong?

So the Honda PCX 150 AKA "The Farang"

What is your best price on the new Keyless Model purchased in the last 6 months and any tips on negotiating?