Mike Teavee

I personally believe it's Residency at the time the funds are remitted on the basis that (assuming no Thai Income) you don't have to file a tax return for years you are not Tax resident, but with a significant transfer (e.g. Tax free lump sum from pension and/or proceeds from the sale of a house) I figure you are much more likely to be flagged for a follow-up so will be non-tax resident at the time I get the monies & remitting them in the same year.

Per the link you kindly provided it seems similar to the UK and depends on the level of income received (well remitted) https://mbmg-group.com/article/what-is-a-half-year-personal-income-tax-return-pnd.-94-and-who-has-to-file-it What is a Half-Year Personal Income Tax Return (PND. 94)? Who has to file it? A half-year personal income tax return or PND. 94 is the income tax filing of an individual whose income from January to June exceeds 60,000 baht. This tax filing is for those who receive the following types of income. 1. Income from rent of property such as land, houses, vehicles, etc. 2. Income from liberal professions, which are not freelances and have licenses, such as doctor, nurse, accountant, lawyer, etc. 3. Income from an independent contract such as contractors. 4. Other income which is classified as 8 types of assessable income such as income from online sales, acting, income by virtue of jobs, positions or services rendered, etc So if I receive £1,000 net rental income & transferred £500 each month (approx. 23K THB) I would have "Earned" 138K (6 x 23K) between Jan and June so would need to file a 1/2 year return.... but if I brought it all over in July I would just have to include it in my annual return.

During the Q&A he clarifies that it's 220,000 THB if you're married & 120,000B if not.

Especially as around the 46 minute mark he goes to explain how Capital Gains work... The gain is from the date you acquired the asset & not the date you moved to Thailand (obviously answers the question about whether you can use a valuation from 31/12/2023 - You can't). Tax on the remittance is calculated as a percentage of the total gain so you can't claim you're just bringing the capital part over.

From the same video (approx. 41:30 mark) it seems that if you're bringing property rental income across you need to file twice per year... This is the 1st I've heard of this or the PND 94 form mentioned... Edit: around about the 45:50 mark he makes it clear that Capital Gains are calculated from the date you got the asset, not from the date you moved to Thailand, E.g. Shares I acquired 35 years ago would have no CGT due in the UK but as far as Thailand is concerned, the gain is the difference in value since then & not since 4 years ago when I became Thai Tax resident.

I think the fact that it is getting more attention will mean TRD are more likely to enforce it but I don't believe they have the capacity to go after everybody that hasn't filed so will use a cut-off number above the 220K and/or randomly select people who haven't filed.

On the subject of who needs to file the video posted earlier (might have been in a different thread) suggests the trigger for filing with non-Thai sourced income is remitting more than 220,000 THB pa... I've shared the link from roughly where it's mentioned but a number of points prior to that are of interest so might be worth watching from the start...

Don't forget that you have a 60K personal allowance as well as the 1st 150K being taxed at 0% so you can bring in at least 210K each year. My "Plan" is to:- Remit 210K (60K personal allowance + 150K 0% tax) to the GF Remit 235K (same 210K as above + 25K as I purchase health insurance) for me Send the GF 100K for her Birthday & Xmas (at worse this would be taxed at 5%). Use savings already in Thailand to cover the rest of the money I need Spend 2026 as a Non Tax Resident so I can remit the 25% tax free lump sum from my pension & (possibly) proceeds from the sale of my house then go for the LTR Wealthy Pensioner visa Oh & I'll also be returning to Thailand on Monday with £7,500 in my pockets 🙂

If you defer starting your pension then it should still accrue yearly cost of living increases so it might be worth anybody approaching State Pension age & facing a frozen pension to consider deferring it for a few years whilst current increases are so high, as a bonus your pension will increase by 1% every 9 weeks.

And of course an Aussie would never attack a Taxi Driver... Or going on a drunken rampage https://www.theguardian.com/australia-news/2023/jun/07/australian-man-arrested-over-alleged-drunken-rampage-in-indonesia-freed-from-jail Or attack people on a flight https://www.nzherald.co.nz/travel/aussie-man-on-qantas-flight-from-bali-wrestled-to-the-floor-after-an-alleged-assault/KL7Q2IUWWRBL3PMUQSOQNMRBOM/ Keep burying your head in the sand if you don't believe Aussie's have a reputation for being badly behaved in Bali...

I think the main reason you don’t see many of these kind of stories about Australians is they’re mainly doing it in Bali & we don’t see much Indonesian coverage on here… https://www.dailymail.co.uk/news/article-11405703/amp/Australians-Bali-Indonesia-warns-deport-tourists-caught-public-nuisance.html Every country has it “Bogans”…

I'm not sure how you would leave the UK by the "Back Door" but even if you could, do you really want to rely on that "Door" still being there & the same tenant staying in your apartment for the 10, 20+ years of retirement? Currently I'll get my State Pension in 9 years & by that time I fully expect there to be no "work arounds" to make it look like I'm still living in the UK (not that I would use one anyway as I'm financially better off being Non-UK Tax Resident), I certainly don't expect there to be in 20 or 30 years so can either accept that my Pension will be frozen or move to somewhere where it's not.

I'm curious about Capital gains. E.g. If I bought £10,000 of shares in 2023 & on the 31/12/2023 they were worth £12,000 but I sold them today for £11,000 then I've made £1,000 Capital Gains as far as the UK is concerned but could I claim to Thailand that I've lost £1,000 as the shares were worth £12,000 on the 1/1/2024 deadline? Similar point with selling my UK property, in the UK I'm liable for gains since 6th April 2015 (& have a valuation at that date) so will pay Tax only on the gains since then, for Thailand could I get a valuation as at 31/12/2023 & claim that as the capital starting point for any gains?

If you switched to the LTR then you must be earning at least $40K pa (assuming you've invested $250K/9Million THB into Thailand, $80K pa if not) which is >120K THB per month & a very healthy budget, especially as you have to have Health Insurance or another $100K locked away somewhere. If you're only spending 65K of that then you're building up a nice nest egg for the future or a few very good holiday each year 🙂

Isn't that just LIFO (Last in First Out) which is what the UK typically uses for any kind of assets.

Not quite true, DTAs prevent double taxation on Income that is covered in the DTA so any income not covered can be taxed in Thailand even if you've already paid Tax on it in your home country.

18KG If you're travelling Business Class 😉 Seriously, thanks for pointing that out as I bought a cheapish (80,000 THB BKK-MAN return) Business Class Ticket with Air France/KLM which only allows you 1 item of checked luggage so now I know that I'll be packing my roll-on (hard case with wheels obviously) as full as I can + adding a few extra bits to my laptop rucksack, all will go nicely into the overhead bin. If it's like the Air France flight coming over there'll be 1 overhead bin per seat, I could have fit twice as much stuff in there, in fact reading the KLM baggage guidelines I'm allowed 2 carry-ons (+ laptop bag) so I might pop out & buy another one 🙂

My parents were on a flight to Bulgaria & Mum smoked so asked for a smoking seat but Dad didn't so asked for a non smoking seat... They ended up sat in Aisle seats opposite each other... Left for Smoking, Right for non-smoking 😛

UK Health & safety guidelines suggest that the maximum weight per item of luggage should not exceed 23KG though most international airlines will allow up to 32KG Current industry recommendations in the IATA Airport Handling Manual include: the maximum weight of any single piece of checked baggage should not exceed 23kg (50lbs), without prior arrangement. Although this limit is widely accepted, some airlines will accept baggage up to 32kg, and some foreign carriers have even heavier weight limits. "heavy" tags/labels must be placed on all pieces of baggage which exceed 23kg with the actual weight shown on the tag/label baggage belt weighing scales at passenger check in points should have an audible or visible warning when any individual bag weight exceeds 23kg. Where heavy bags are identified but not labelled the airline should ensure that systems are in place to ensure weight limits are implemented and heavy bags tagged. Training and work procedures should include provision for team lifting or alternative lifting methods. https://www.hse.gov.uk/airtransport/faqs.htm#:~:text=the maximum weight of any,have even heavier weight limits.

I see what you're saying, enter the UK on your expired UK Passport and then leave on your valid Thai Passport... This Reddit thread seems to suggest that the UK does not have exit border controls save for "Random" checks which it wouldn't surprise me weren't triggered by something like somebody leaving the UK on a Non-UK Passport that they didn't enter with... I don't see what they could do to you for doing so except maybe log the fact that you have left the UK.

As a UK Passport holder yes, the passport is scanned at the check-in desk & you only need to show it again at boarding time to prove that your ticket is your ticket & your not using somebody else's ticket to board the plane.

You would have had to show your passport at the check-in desk who would have scanned it & effectively registered your exit from the UK (presumably if you then don't board the flight the records are updated). No idea whether this would flag up the fact that you left on a Passport that didn't give you the right to be in the UK (By this I mean using a Thai Passport that you didn't use to enter on & so doesn't confer automatic right to be in the UK).

Could you leave the UK on a Thai Passport if you didn't enter using it?

It all comes down to countries that the UK has reciprocal agreements with, the list can be found here https://www.gov.uk/government/publications/reciprocal-agreements/reciprocal-agreements

The article/thread is about the UK State Pension being frozen in a number of countries including Australia, not that the Australian Pension is frozen anywhere.