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Lacessit

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Everything posted by Lacessit

  1. 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.
  2. 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.
  3. 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.
  4. "The Eye of the Needle" and "Citizen X" were a couple of his best roles.
  5. 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.
  6. 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.
  7. 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.
  8. "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?
  9. 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.
  10. AFAIK all savings accounts have their interest paid into the same account as where the savings are. I don't know what you mean by the term "paid away". Most institutions issue quarterly or six-monthly statements which document the capital balance and interest paid. Hypothetically, if I have an account containing AUD 30,000 as at 31/12/2023, it should be irrelevant if I choose to remit those savings in 2024, 2025, or 2026. All I should need is the proof those savings existed prior to 2024, for the remittance to be tax-free.
  11. Most women seek support, and that's not restricted to Thai women. It would be very rare for a Thai woman not to expect support, as most Thais think Westerners are rich in comparison. The line in the sand is whether the Thai woman expects her entire family to be supported too. The OP should not expect too much in terms of intellectual conversation. Thais live in the moment, and their education system is abysmal. Having said that, they do make very loyal and supportive companions if their needs are met, They will do things emancipated Western women would never countenance.
  12. I am no friend of Xi, the fat boy, or Putin. I did own a Russian portable radio way back, during the Cold War. It was a golf prize. While quite clunky, it was very reliable.
  13. Suppose I have money on deposit with a peer-to-peer lender, or financial institution which is not a bank. I also have proof the funds invested with such organisations existed as of 31/12/2023. The interest on such investments, if remitted to Thailand in 2024, is taxable income. If I remit the capital, is that not tax free? It seems to me only counting bank deposits prior to 2024 would be an extremely narrow interpretation of savings.
  14. My post was not meant in a critical way, in point of fact one has to admire the adroitness of the Thais in repeatedly maintaining a neutral stance. Even when Japan was sweeping all before it. IMO the European countries who were under Soviet domination during the Cold War have everything to gain by stalling Putin in Ukraine. He would not stop there if he won.
  15. Sorry to disappoint you, I am not a party animal. Your attitude to the Chinese reminds me of WWII veterans who would never buy a Japanese import, due to the atrocities that were visited on POW's. So what atrocity have the Chinese inflicted on you?
  16. What are you saving your money for? A lavish funeral?
  17. I don't think Ukrainians are going to forget the 6 million of them that were starved to death on Stalin's orders either. Or the current deliberate targeting of power and agriculture infrastructure. There's Western propaganda, and Russian propaganda. The question is, which is more credible? Your friend omits to mention Russians usually refer to Ukrainians as Khokol. an offensive term of Cossack origins. Russians are on the podium as far as racism goes, IIRC they refer to Chechens as blacks. NATO is an organisation every country wants to join. Living under the Russian yoke once was enough. If that's evil, it seems everyone wants to embrace it. He's smart enough to stay out of the meat grinder, not smart enough to realise he has been fed news with a Russian slant his whole life.
  18. Further to your bulk buy recommendation, Sheryl, it would be advisable to refrigerate the medication to slow down any potential for degradation.
  19. AFAIK there were no sanctions on Russia prior to the illegal annexation of Crimea, and even then what sanctions came into play were like being flogged with a wet lettuce leaf. Putin totally miscalculated the opposition he would get invading Ukraine. That mistake means he is presiding over the disintegration of the Russian Federation, and even Russia itself. Fact 1: Russia is a declining demographic. Losing half a million soldiers in Ukraine, plus another million young people who left Russia, is not helping. Fact 2: Russia is a big country. Boeings and Airbuses make up 70% of its fleet, and they are having to cannibalize those aircraft to keep the fleet in the air. Fact 3: Russia has a vanishing technological cadre. Because the Soviet education system collapsed in 1987, most engineers and scientists of competence are in their sixties. Fact 4: Russia does not have a broad-based economy. As John McCain once remarked, it's a gas station pretending to be a country. It will never catch up to Western economies now. The real tragedy of Russia is how badly it has been mismanaged, when it should be one of the world's most prosperous countries.
  20. How is Russia fighting this war? By targeting the electricity grid and agriculture in Ukraine. Freezing or starving Ukrainians is trying to finish the job Stalin started. Go easy on his fellow Slavs my aching butt. Wars are theft writ large. Putin has all the traits of a kleptomaniac, ask any of his oligarchs who are still alive. Portraying him as a victim is ridiculous. NATO is a defensive treaty. There is nothing in its charter to say it will attack anybody without first being attacked itself. Every nation in Europe wanted to join it because Putin has repeatedly said he wants to restore the USSR to its former glory. There's not a nation in Europe who wants to be under the Soviet yoke again. IMO Putin would have done much better to shore up defenses in eastern Siberia, which is rich in resources the Chinese have coveted for decades. He was making billions selling oil and gas to Europe. Please name the nations who are running to BRICS, AFAIK the American dollar is still the world reserve currency, and who wants rubles, yuan, and rupees? On topic, Thais have repeatedly proven themselves as world-class fence sitters.
  21. I am responding to your post with facts. If you don't like them, I have others. On ignore. If you can't disagree without abuse, you're in the bin.
  22. The Ukrainian language and alphabet differ from Russian. Under the USSR, the Russian language was compulsory in schools, to assist the process of Russification. Russian speakers in Ukraine are only there because they were transplanted from Russia in the 1930's. After the Holodomor, in which Stalin killed an estimated 6 million Ukrainians by mass starvation. Portraying Ukrainians as Nazis is a lie promoted by Putin. True, the Ukrainians welcomed the Germans as liberators during WWII. They quickly learned there was no difference between a Nazi or a Communist jackboot. Putin signed the Budapest Memorandum in 1994, which guaranteed Ukraine's sovereignty and security in return for Ukraine surrendering its nuclear arsenal. Yeah right. I don't know what is more disturbing about your post, its abject ignorance of Ukrainian history, or the parroting of Kremlin propaganda.
  23. Mike, you said tax returns ( correct me if I am wrong ) are filed after June 30. Anyone who is tax resident ( >180 days ) should leave Thailand June 27. If I have entered Thailand on two occasions - September 2023, March 2024 does that not mean I don't have to file a tax return? The 2023 entry was after 8 months out of Thailand.
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