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Posts posted by BobBKK
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On 1/4/2024 at 4:29 AM, Mike Lister said:
You will always be taxed on any income that arises in the UK, for example, rental income, pension, state pension etc. You will also always be taxed on any income that arises in Thailand, bank interest, investment interest, rental income and others. In the case of the UK, tax residency rules are slightly more complex but generally speaking, you are tax resident there, if you remain for more than 183 days per tax year, in which case, you must file as tax resident. But if you remain in the UK for under 183 days per year, OR, the residency rules allow you, you can file as not UK tax resident which means you do not have to declare any income that does not arise in the UK.
Moving on to the Thai tax side of things. If you remain in Thailand for under 180 days per year, you are not Thai tax resident and you do not need to file a Thai tax return. But if you remain here for more than 180 days, you must file a return and declare all assessable income that was imported and all income that arose here.
As a general rule, it is not possible to be tax resident in the UK and Thailand, in the same tax year, 180 days plus 183 days is 363 days, but days are counted based on where you are at midnight and if you are on a plane, you are not counted on either side. Having said that, The UK rule regarding Ties to the UK, after the first year overseas are complex and I don't intend to go into them in any depth here, other than to say you need to look at them closely if you intend to split your year.
Because I'm a Brit, I'll use myself as a real example, I live in Thailand year round so I am tax resident here and here alone. But I have rental property income, investment income and state pension income, all of which arise in the UK. That mean I must file a UK tax return to declare that income although because I am not UK tax resident, my income that arises elsewhere in the world, does not need to be reported on the UK return. The UK allows me 12,750 Pounds per year in a Personal Allowance so much of my UK sourced income falls within that allowance.
I also have income that arises in the US which means I must file a US tax return but I do so as a non-resident which means all my other worldwide income is ignored. My income is also below the threshold for filing a return which I do in order to reclaim tax deducted at source only.
My Thai tax return reports my US and UK pensions, both of which have been the subject of tax returns hence they are considered to have been taxed and are tax free. But just in case, Thailand allows me deductions and allowances of 500k baht per year that is effectively tax free.
I hope those things help
But... As you are, I am a full-time resident in Thailand; I have an NHS pension and will be getting the old-age pension soon. UK tax authorities tax me in the UK; obviously, how can Thailand justify taxing me on pension income here? I think many think they will wake up and smell the coffee soon and have jumped the gun - many will leave if they do not.
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On 1/3/2024 at 8:43 PM, Mike Lister said:
Likelihood of pensions being taxed is extremely low for Americans because of their tax treaty but high if UK pensions. That said, UK pensioners over age 65 years of age will be allowed a minimum of 500k Baht in deductions and allowances meaning the first 500k baht per year is tax free, thereafter, the remainder will be taxed in bands, starting at 5%.
It's still double-taxed. The UK government doesn't let us get pensions without taxing us if we are over the personal allowance. My pensions are largely public sector.
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On 11/1/2023 at 2:21 PM, digbeth said:
the only case you'll need to revisit the ATM would be if you've forgotten what you set your user name/ID to
That's not true - I know my ID and PW off by heart - unable to log into my new phone.
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There is so much noise on this thread. Can someone simply lay out the likelihood that they impose tax on pensions here? surely 100,000s will leave, and fewer will retire here? I thought they wanted Thailand to be a place to retire TOO? Sorry if this has been explained before but I really cannot read 200 pages of posts to find the answer.
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Who thinks they will tax UK pensions here? is there a way to avoid?
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23 hours ago, mfd101 said:
Always interesting to see people who think of themselves as upstanding members of our open, democratic & free societies but are quite unwilling to accept minority groups asserting their right to the same privileges.
Some minorities should not have the same rights or privileges (pedophiles for example) and so your premise is broken from the start. Gays can do what they want - in private and it's no one else business. The problem is a minority of gays want to SHOUT and make NOISE about it.
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Surely it is easy to see if the note is genuine? Flemish or not? how did the maid possibly know what it said?
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Surely if he did not marry this Mook it can't be hers? The daughter looks like she has the best claim. An ex wife is... an ex-wife
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7 hours ago, JimTripper said:
Why don't you get quality recording studio insulation and put that up instead of building that crazy wall?
You can douple or triple them up, they have ones that are interlockable/stackable.
When you sell up you can just take it down and prospective buyers don't know about the problem. You're turning your unit into a construction zone for no reason. I don't think that cinder block type cement is really going to block sound that well, it's more meant to be a barrier.
Thank you - where to buy? it's adhesive?
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53 minutes ago, soi3eddie said:
It's for that reason, these days I only bang bareback (with the long term GF). She's lovely too so no need to play elsewhere and risk an STI.
Costly though? what's the age difference??
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Many silly answers. The correct answer is to visit the Juristic Manager who is legally responsible for the condo. Good luck.
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1 hour ago, Mike Lister said:My thoughts are that you should try reading any of the numerous threads that already exist on this subject rather than add yet another one! Try this one, start at the end and work back.
I think a separate thread relating to the UK is very useful. I don't think those who are taxed in the UK, as I do, should lose sleep over this.
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23 hours ago, BenStark said:
Upgrade? looks more like we got another downgrade
Mine is running a lot slower and the links dont seem to work sometimes
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I can't seem to find this since the upgrade?
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Almost unusable without premium these days.
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Just now, Wobblybob said:
Has it took you 2 weeks to think of that witty retort Bob.
No dude the sites has been down? do KEEP UP -
why take his Gf to a go-go? just stupid imho
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On 11/16/2023 at 9:29 AM, ChipButty said:
Hamas built those tunnels, huh? it's so sad to see the naivety
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On 11/15/2023 at 9:08 PM, Wobblybob said:
Are you offended and thin skinned, the truth always hurts, don't give if you can't take it, my mother invented sarcasm!
Pathetic
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2 minutes ago, Wobblybob said:
It hasn't taken you long to nail your colours to the mast.
I don't care what he is, you are a troll and a very poor one at that, isn't it past your bedtime the grown ups are trying to talk. We don't want you making a scene at the kindergarden tomorrow now do we. Carry on like this and Santa won't come this year.
vicious ad hominem attack
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Ok children other things to do - very sad some humans here I must say. War and atrocities on any side are sad and will never end whilst one wants to dominate and subjugate the other. Good night.
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Homosexual TV shows, movies
in ASEAN NOW Community Pub
Posted
It never takes long for the 0.0001% to whine at every perceived injustice. Poor thing, and with such ad hominem - I must go and lie down and call my therapist right away!