Lacessit

Agree. My father taught me to avoid debt like the plague. The last time I owed money ( house mortgage ) was in 1974. I have never had a credit card, only debit cards. When I hear about people who live from paycheck to paycheck, vulnerable to any uptick in interest rates on their debt, I think my father taught me well. My son is debt-free too. Too many people seek instant gratification.

I run my aircon at 28 C. It removes the moisture just as well as 22 C. The physics of sweating say humans are quite comfortable at 40 C, provided the humidity is 10 - 20% RH. Anyone who has been in Australia's Great Sandy Desert knows this. The cooling effect is maximized, as sweat evaporates as soon as it forms on one's skin. Of course, the OP could also limit condensation by not breathing so heavily, when he is posting about perfect women.

On the Q&A links you posted, there is no clear answer to the question. Tax can be levied on any dividends or capital gains. I can't see how it can be levied on a share bought prior to January 2024, which was purchased using cash which also existed prior to 2024. I'm also confused by the term "commingled funds". The online brokerage I deal with has dividend notices and buy / sell notes, it's child's play to separate dividends and capital gains from the capital originally invested. Please explain to me the difference between putting cash into a term deposit to earn interest, and buying shares to obtain dividend income. They are both investments.

I understand there are two IDC's, the one at Suvarnabhuni is considerably better than the one in Bangkok city.

IMO the OP is confused. Linux is an operating system. One connects to a bank through a browser such as Firefox or Chrome. A pox on Internet Explorer, or whatever Microsoft calls it now. I am on Linux. I use Firefox to connect with Kasikorn Bank online. End of story.

IIRC the TV series "Bangkok Hilton" caused embarrassment in Thailand, due to its negative portrayal of jail conditions. And that was dealing with drug mules.

It hasn't helped anything, because Australia does not have a carbon tax. There's an implicit form of carbon pricing in fuel excise tax, which covers diesel and petrol. LPG is taxed at a significantly lower rate. There is no such tax on carbon derived from coal or natural gas.

The penalties may be extremely harsh; however, one has to take circumstances into account. Putting someone in jail for evading taxes on millions of baht , certainly. Putting an 80 yo foreign pensioner in jail for not submitting a tax return on half a million baht in yearly remittance would result in a public relations nightmare for the TRD and Thailand.

Comparing Thailand with the Western world, it is blindingly obvious the cost of housing, food and services have inflated far less here. I had a car fully serviced here recently for 1300 baht. They'd charge me that much just to open the bonnet in Australia.

NATO expands because nations want to join it. They remember the 40 some years of being in the Soviet Bloc, with command economies that went nowhere but to Moscow. Fact is, Putin's a kleptomaniac. Ask any of his oligarchs - those who are still alive. One fourth of the world's chernozems, the rich black soil ideal for agriculture, are located in Ukraine. Most wars are theft writ large. Nigel Farage is a useful idiot. From what I read on this thread, he's not the only one.

It may also be a lipoma, which is quite harmless. I have had one for years. The OP won't know what it is without a doctor's examination.

Crimea was illegally annexed by Russia in 2014. The Kerch bridge is a legitimate military target, one of the supply routes for Russian armaments and fuel to prosecute the invasion of Ukraine. You're either a Kremlin apologist. or you expect the Ukrainians to fight with one hand tied behind their backs. Is it legitimate for Russia to be attacking electricity and agriculture infrastructure to freeze and starve civilians? You're straining at a gnat, and swallowing a camel. Hypocrite.

Your work on this thread is appreciated. IMO the most significant phrase in your post is " highly likely to change based on the office and the TRD attendees" I other words, a mirror image of Immigration.

Reading through both links, foreign-based income is taxable when remitted to Thailand. Income earned prior to 2024 is not. Savings prior to 2024 are not taxable when remitted to Thailand. It seems no reporting of such remittances is necessary. Where it gets fuzzy is the definition of savings. I could not find a question which specifically asked the status of shares, peer-to-peer lending accounts, or term deposits in terms of whether they are regarded as savings, or not.

I was not saying there is. In Australia, I can offset any capital gains against capital losses in previous years. From Ballpoint's post: "I'm also of the opinion that if you hold mutual funds, or some other non bank account investment, overseas and keep an official statement of their value on Jan 1st this year, capital gains will be treated the same as for savings. If I have $1M in funds on Jan 1st this year and sell, and remit, the whole lot for $1.5M in a later year, my assessable income is $500k. Any increase in fund value prior to Jan 1st this year was not remitted to Thailand and, under the rules of the time, is non-assessable Thai income" While it is still an opinion, it would appear he has actual experience with the TRD.

If I have property bought prior to 2024 with money I have already paid tax on, that might be included as savings after I sell it. As you say, maybe there is a line somewhere. Going back to my $15,000 share portfolio, what happens if I sell them at a loss? Taxing me twice on what I remit hardly seems fair. Perhaps you could post the relevant TRD regulations which define what constitutes savings, because it seems to me there is more opinion than fact.

My point exactly. It should not matter whether I have savings in shares, peer-to-peer lending, or term deposits, because I have already paid tax on those funds, and they exist prior to 2024. The proposition that savings are only cash in an at-call bank account is IMO completely ridiculous.

The stock is bought with savings which were taxed as part of income prior to 2024. In the example I gave, the $3000 gain is taxable if remitted to Thailand. If the $15,000 is also taxed when remitted to Thailand, it becomes double taxation. Which IMO DTA's are designed to prevent.

"The Eye of the Needle" and "Citizen X" were a couple of his best roles.

Let's say I have 300 shares of a stock I bought prior to 2024. In December 2023 , those shares are worth $50 = $15,000. I sell the shares in 2024 for $60. I now have $18,000. If I only remit $15,000 of that money to Thailand, and leave the capital gain in Australia, please explain why that is not savings prior to 2024.

True. Ukraine has a large area of chernozem, the black soil ideal for cereal agriculture. AFAIK NATO is not trying to steal it. Putin is.

When people suggest I should have an open mind on some issue, it is usually because theirs need to be closed for repairs. If NATO is a load of crap, why does everyone want to join it? You seem to be unfamiliar with Santayana's most frequently-repeated aphorism. Move forward and stop with the BS insults the dead.

"Paid away" in Australia only seems to happen with share dividends paid into a bank account. If I have $30,000 on term deposit, the interest is paid into the same account as the deposited funds, unless it is transferred to a different account. I could do this if necessary, but I don't see the point. Unless you are saying money on term deposit does not qualify as savings, which sounds quite weird. Is cash at call the only form of savings the TRD allows?

A well-written OP, even if it may be complete BS. Rule 1 - Leave 70% of your assets in your home country. Rule 2 - Never put more money into Thailand than you can afford to lose. Apart from that, enjoy.

Too big. About the size of two house bricks.