
Phulublub
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Thailand's Expats Urged to Register with TRD for Tax, Says Expert
Phulublub replied to webfact's topic in Thailand News
And when the bank closes your account...what will you do then? -
The Caspian Fleet only has two frigtaes in it. So BOTH were hit? and damaged? Good shootign! The design of the Tatarstan is nearly 30 years old, though the more modern Degetsam is some ten years younger so may have some improved technology. But still... PH
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Thailand Cracks Down on Foreigners Using Thai Nominees
Phulublub replied to webfact's topic in Thailand News
Maybe ask those who try to buy homes in whcih to live in places like Cornwall, the Lake District (and I am sure England is not unique in this) whether others buying as holiday lets is good for them. The UK is trying to discourage such activity; maybe they should take a leaf out of Thailand's book? PH -
Thailand Cracks Down on Foreigners Using Thai Nominees
Phulublub replied to webfact's topic in Thailand News
Indeed I do not, in common with 99% of others. Those who do own properties in multiple countries are unlikely to be worried about whether they can own something here in any capacity. PH -
Thailand Cracks Down on Foreigners Using Thai Nominees
Phulublub replied to webfact's topic in Thailand News
So go somewhere you (think you) are appreciated then. The Thais are not stopping you leaving. PH -
Thailand Cracks Down on Foreigners Using Thai Nominees
Phulublub replied to webfact's topic in Thailand News
What hs torusim got to do with house/condo ownership? Never been anywhere on holiday and bought somewhere to stay while there!! PH -
UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Phulublub replied to webfact's topic in Thailand News
Very good -
UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Phulublub replied to webfact's topic in Thailand News
Phillipines arranaged a reciprocal agreement because of the number of Philliine nurses woring in the UK thus earning and qualifyin =g for UK pensions so trhat htye contnued to receive upgrades if/when they returned to Phillipines. That UK expats in Phillipines benefit is a side effect PH -
UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Phulublub replied to webfact's topic in Thailand News
Didnt see much change in unfreezing pensions under 14 years of Conservative Government....not that I am condoing Labour, but PH -
UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Phulublub replied to webfact's topic in Thailand News
Do you have an authoritative source for that? On the HMRC website it states: Given Phillipines (among others) also get the annual increases, your pension would go up if living there as well.. Nowhere have I found that if you subsequently move again, to a country that does not attract increases, your pension would revert back to a previous low level. PH -
UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Phulublub replied to webfact's topic in Thailand News
For those UK pensioners who have been here for several years, it may be worth investigating moving to a country where the increases are paid and only visiting Thailand for holidays. If you moved to one of these, my understanding is that after six months you will get all the frozen increases added to your pension. If you subsequently come to realise that, actually, you prefer to live full time in Thailand, then your pension would then again become frozen, but at the new level. Might be a considerable uplift for some. I would not, of course, advocate moving "permanently" to the Phillipines (or back to UK, or elsewhere) and discovering after seven months it is not for you so you move back to Thailand. PH -
Before you start commenting on the newly installed PM, maybe have a go at his six predecessors who also did the square root of diddly squat (except waste millions on a useless "send them to Rwanda" idea and more millions on an equally useless barge.... A long, long time ago, I suggested the whole EU (of which we were then a aprt) should patrol the Med, pick up all the baots crossing from Africa, land the passengers back on the COuntry they had set off from and sink the boats. The cash line of migrants would have stopped years ago (and we would acually have room and inclination to take those who deserve asylum here, like those from Afganistan who helped us but who we left high and dry when we left). PH PH
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Other income may also need to be reported...share dividends, rental income, capital gains and others; we may also have to declare our exempt (Government pension) income as well even though that will not give rise to any liability. Until we see the forms we don't know. In fact, until we see the exact wording of the legislation we don't know. How will my ISA dividends and gains be treated for eaxmple? I am fairly relaxed as I have full statements of all assets as at 31 Dec and will be able to show that all funds remitted here since 1 Jan are from exempt classes. Barring anything unforeseen, I have several years' grace before I need to think about extreme mitigation factors that might be needed (in whcih case, moving "permanently" back to the UK to get the State Pension uplift might be the way to go.... PH
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Personally, I am content to pay tax if legally required to do so, and in the country where I live. If that is globalism and a bad thing, then sign me up as a spam (whatever that means). I live in Thailand and would much rather pay tax here (where I may see some benefit) than in UK (where I will never live again) and where I will gain zero benefit whatsoever. In my case, my Government pension is taxed at souce in UK and there is nothing at all I can do to mitogate that. PH
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Ordinarily it does not, but for a nomad who does not qualify as tax resident in any of the countries thye stay in for shorter periods, then tax residency may rvrt to citizenship. It is certainly agrey area for the UK as some HMRC advice suggests it is, but there does not appear to be aby legislation on the matter.. PH
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Being tax resident nowhere could very well mean that your tax residency reverts to your citizenship - in the case of the OP, given their username, that would be the UK and they may well find them selevs liable to UK tax on the whole of their worldwide income. Without knowing individual circumstances there are too many variables to know whether that is better than being tax resident here or elsewhere. For myself, I am content that if/when the new Thai tax legislation for remitted income becomes fact, I will have no tax to pay over that which I have already paid (and cannot avoid paying) to the UK Government. YMMV PH
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Which wars did USA start in th last 50 years? PH
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Yellow book USA citizen
Phulublub replied to Wake Up1's topic in Thai Visas, Residency, and Work Permits
Which Amphor? PH -
And they do not need to be. ONLY those selected for audit, and only then those who the TRD decide may not have told the entire story with their tax return (or lack thereof) will need to have any checks made. Once again, it is the responsibility of the individual to accurately report their tax return and the figures contained. Probably my last contribution to this subject as people appear bent on inventing ever more implausible scenarios PH