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Phulublub

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Everything posted by Phulublub

  1. Slightly off topic, but have you considered that in a global property market downturn, you will get less for your UK property, pay less tax on the profit, but your Thai property(ies) will also cost you less. If you wait until the UK market picks up, you may fuind that Thai prices have risen the same, or more...and there is also the currency risk to consider. The overall difference may be very small and if your long term intention is to sell in UK and buy here, then the best time to do it is "now" subject, of course, to selling your UK property at a reasonable price. PH
  2. Since it is highly unlikely that anyone sending enough money here to buy condos would have earned that money this year, your conclusion is incorrect as such money would not be laible to any tax. I very much doubt anyone who earned enough in Januray to be able to transfer it to Thailand to buy a condo would do that; even if they did, would care about any possible additional tax over that they had already paid, unless they are money laundering, in which case they would happily pay the tax to "clean" those funds. PH
  3. Did you ask them why you did not need to file? Paying tax in home country, or having income that is exempt by DTA, is not (from what I have been able to read) a reason for not filing in Thailand. If you remit above the threshold, then you are to file a return, even if that return will result in zero tax being due. If you can give us clarification of reasons behind why the RD said do not file it would be helpful; otherwise, while what you were told may be believed to be true by the official who told you, it may not, actually, be the correct answer. PH
  4. "Earned Income" is an incorrect term. "Assessable Income" is what should be used and, unless exempt by a DTA, pensions are Assessable Income. PH
  5. Your 800K is a total red herring. Yes, you need to import what you need to live on and that may be more, less or abut 800K. But as has been said many times, much of that income, for many people, will be exempt under a DTA. Other money remitted will also be exempt if it was earned before the start of this year. PH
  6. Wrong. As prevosuly explained, money already held before 1 Jan 24 is outside the scope of this new legislation. Prudent people will make sure they have statements that show balances in case there is later any question about source of funds remitted to Thailand. PH
  7. Thus the advce from some to make sure you have evidence of existing funds. There was a recent clarification that all assets held at 31 Dec 23 will not be subject to any Income Tax if transferred here. Only monies earned sicne the start of this year fall under the new regualtions. PH
  8. More incorrect information. The Thai tax year is aligned with the calandar year. If you have to file a tax return, it has to be done by 31 March. Those caught up in the new regualtuons will need to file a tax return by 31 mar 25 for the tax year 1 Jan to 31 Dec 24 PH
  9. Wrong. You only need to bring in 800000 ONCE. If already done, then all you ned is annual living expenses, and many will have exempt pensions, already be paying tax in income in home country and will thus be liable for little or no Thai additioanl taxes. PH
  10. Which could be a link to anywhere for anything....post proper link if you want people to look. PH
  11. Many bars do English breakfasts - Sportsman, Nicky's Witherspoons, CheapCharlies, Kungs. All have their devotees; best you try for yourself! Siamburis has an online shop https://expatfoodsthailand.com/ They delievr throughout Thailand; local delivery is free on orders over THB 1000. PH
  12. Is that a "feeling" or do you have some evidence that will be the case? PH
  13. Stop talling nonsense. SOME people MAY get pesnion Credit as an addition to their State Pension. https://www.gov.uk/pension-credit PH
  14. It is a benefit, and it is taxable. PH
  15. Anotehr way of looking at it - and comparing with, for example, ISAs... ISA taxed on the way IN Pension taxed on the way OUT PH
  16. Broadly correct. The whole point of a DTA is that you are only taxed once. The devil in the detail though is that different areas may attract different rates - think income tax bands, CGT allowances etc - that muddy the water and make calculating outcomes a little difficult to generalise about. The biggst potential for UK is the personal allowance is much higher there, so earn £12K and have no UK tax laibilty, but could have one here if all transferred gere. PH
  17. You can argue that, but would be utterly wrong. Your payments to the Governmebt when you were working made to eligile for a pension. There is no pot of gold being built up with your name on it. What you paid in was, inpart, paid out to those drawing pensions at that time. what you are now receving is being paid for by those paying tax now. While it is classed as a benefit in the UK (not sure classification in other countries), it is taxable and is actually income. PH
  18. Not all Countries are the same. I agree with those that say the OP is cutting things fine, but otherwise it is sensible to use a decent timeframe for renewal. It used to be, for example, that UK passports renewed within six months of the expiry date would get ten years starting from the old expiry date. No loss of days, weeks, or months by applying early to ensure all done before next travel. Following a quietly unannounced change UK passports are now valid for ten years from the date of issue. Not a huge issue, but a stealth price hike of, potentially, up to 20%. If the UK turned applications round as quickly as the OP's country, two weeks, then less of a biggie - but take five or six weeks, so adding in some safety margin, about three months would be a prudent timeframe IMV. PH
  19. Which law? Link, plese....I think you will find it is "ID" which is very often laziy translated as "passport".
  20. 5G HD Max speed 50GB a month limit then speed drops (never use it all). Just checked and came off deal this month so 748 incl tax going forward. Not sure what "Max Speed" means...speed test says 120mbps down 11mbps up Rarely use phone stuff PH
  21. Nope. Thai DL always accepted for me and, on the odd occasion I have forgotten it (mine lives in my car so if a passenger...) the photo of same on my phone has done the job. PH
  22. I dont remember the last time my passport left the safe except for annual extension and foreign travel. PH
  23. I currently have AIS mobile at 700 a month - this seems mcuh cheaper option if it works. The link is to a SIM Card...my phone has two slots, so could I use one for a phone SIM and the other for this for internet use? PH
  24. In the same way savings transferred here by us for ourselves may be assessable income by the Thai Regulations, then it may be assessable income for her. That she is Thai makes no difference and to comply, she should complete a tax return but may not have any tax to pay. PH
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