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Mike Teavee

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Everything posted by Mike Teavee

  1. I guess they probably could, but I can't see why they would & if they wanted to know that information are much more likely to ask you to show you're UK tax resident rather than ask HMRC. Even if you're claiming relief under a DTA then being UK Tax Resident alone wouldn't be enough proof, you would need to show that you've paid Tax on that income in the UK via something like a UK Tax Return or P60 etc... & these are things that you would have regardless of UK Tax Resident status.
  2. 8-9 years back my Ex went back to Uni to finish her degree & over the years I rented 2 different apartments for her in Davao City, both we're >15,000 THB equivalent & would go for more like 5,000 THB in Pattaya. 1 thing you need to make sure is that the room has hot water & AirCon, I viewed rooms that didn't have them (or had them but the boiler/AC Unit was owned by the tenant & they were taking the units with them) so you were expected to provide your own or go without! Another example, 5-6 years ago I considered a job move to Bonifacio Global City & looking at the Condo prices for units within walking distance of the office, they were more expensive than what I was paying in Singapore for similar units. BGC is a really nice place though, if I had to work/live in Manila I'd want to live in the BGC/Taquig area but for retirement I would choose Cebu or Davao & they remain my plan B from Thailand.
  3. This guy has some good advice on a range of health & wellness topics for >50s…
  4. Always used Grab in Hat Yai & found the drivers very reliable (Had 2 very positive experiences with 1 driver being very understanding when I booked the wrong "Central" hotel for pickup, another let us know that the restaurant we were aiming for had moved & took us to the right place. I haven't heard of Maxim before but will download it now & use it try it out on my next trip to Satun.
  5. The Thais clearly didn’t spot the beach towel he’d left there early that morning…
  6. I’m confused, Thai’s do numbers like everybody else or were you trying to be funny (it didn’t work but then again it is 6:20am so my sense of humour might not have woken up yet) - but 10,000 units X 146 is 1.46Million even on the Fahrenheit scale (Hey, my sense of humour is waking up 😊). Edit: The only reason I made the post is because the author writes Millions instead of Billions 2 out of 2 times, once is careless but twice would seem to suggest that she genuinely meant Millions.
  7. $1.46 Million for 10,000 condos puts the average price at $146 per unit which sounds about right for some of the shoeboxes that are going up nowadays!
  8. Yes you do need the 800K in the bank at least 2 months before your extension is due but would be best to say which immigration office you’re using so people can give you a more accurate response. E.G. About 5 months back Jomtien IO changed their requirements so you now need a TM30 dated since your last entry into Thailand when doing your extension, previously any TM30 was ok.
  9. I’d word this part differently… “That pension will have been subject to the UK tax process & taxed at the 0% rate).
  10. As this is not your 1st extension, (technically) you need to show that… 1. You maintained 800K in your account for at least 3 months after your previous extension. 2. You maintained at least 400K for 7 months after that 3. You have had at least 800K in the bank for the previous 2 months. So (Technically) a 12 month statement is required. Practically it depends on which Immigration Office you use, some want 12 months others might be happy with as little as 3 months, best to go in & check with them if you can.
  11. The Victim https://m.imdb.com/title/tt8178650/ A mother seeks the whereabouts of her son's killer after he is released from prison, unleashing a series of events that surface tragic memories and unexpected consequences..
  12. Because the Revenue Department might want to check that you're calculations/allowances are correct E.g. are you sure you get another 120,000 for your wife? I thought this was 60,000 - But then again you haven't included the 60,000 that you are entitled to on top of the > 65 allowance. As an aside, I (via my accountant) have to file a Tax Return in the UK every year and every year it's either I don't need to pay any additional tax or they owe me a few pennies (literally like 12p or so) but it still costs me £240 for my accountant to file it :(
  13. You get your Tax Identification Number (TIN) from your local Tax office, it's free to get & you'll need your Passport, Lease/Ownership Agreement, 2 Photos + Certificate of Residency with the stated purpose that it is for obtaining a TIN. The Certificate of Residency is got from your local Immigration Office (300B) and will need your Passport, Lease/Ownership Agreement, 2 Photos + TM30 (Definitely need TM30 for Jomtien, not sure about other Immigration Offices), they will ask what it's for, just tell them it's to obtain a Tax Identification Number.
  14. I honestly wouldn't worry about it as Thai RD already know how to handle people who's only income comes from Pensions & you can be assured that unless you have a huge pension any tax due in Thailand will be minimal. I'm not sure which country you're from but if you're from the UK you should get an annual statement for your Pensions (P60 for private ones, not sure what the State Pension one is called) & this/these are all you'll need to provide to the RD should you need to complete a Tax Return... They will pro-rata these out for you if your tax year doesn't align to the Thai Tax year (UK being 6th April - 5th April). It's people who have more "Complicated" income like Salary/Income from Businesses outside of Thailand, Royalties, Capital Gains, Rental Income etc... That might have a harder job in completing their return & may need to file Tax Returns in the other countries to provide evidence to RD.
  15. I got one in Feb 2023 because my UK banks were making noises about needing one. Having jumped through the hoops to get one, I filed a Tax Return to reclaim the withheld interest from 2021 & 2022, still haven't received the refund so am in 2 minds about whether to bother filing a return for 2023.
  16. (Technically) if you spend > 179 days in Thailand and remit > 60K THB then you're liable to file a Tax return. Doesn't matter that this income is covered by a DTA, that will just mean that there is no tax to pay on it & it will be a "Nil Return". The reality thus far is they've let people decided for themselves whether any of the money they've remitted is taxable & whether they need to file a Tax Return, I don't see this changing anytime soon for somebody who's just bringing over US SS, but somebody who plans on transferring a large sum of money whilst being Tax Resident should probably file a return even if they know there's no Tax due at the end of it. FWIW I have the same plan, I'll live on the money I already have over her until either the situation becomes clearer & I feel safe bringing in my UK Rental/Dividend income (I'm 2 years away from getting the 1st of my pensions so this is the only income I get) OR spend 2026 non Tax resident during which I'll transfer over the 25% Tax Free lump sum I'll be taking when I get my pension*. *This 25% will be used to meet the $250,000 investment I need to make to get the Wealthy Pensioner Long Term Residency Visa (LTR), unless things change between now & then, this will mean that I don't have to pay Tax on income remitted in the same year it was earned once I have the Visa If your income is >$80K pa OR is >$40K pa & you're willing to invest $250K (NB Existing Investments in Thailand count, so if you already had a Condo over her in your name that would count towards the $250K) then it might be worth looking at getting an LTR.
  17. If you spend < 180 days in Thailand & earn less than 60K THB income from work/assets in Thailand then there is no need to file a Tax Return.
  18. My passport will expire June 2025 so my plan is to either renew it on my next trip to the UK (May) or wait until after that trip & renew it when I get back. Either way I’ll be renewing it before my next extension is due (Sept).
  19. Received the reminder email from (Jomtien) Immigration on Monday morning that my 90 Day Report was due on 30th January, applied at 5:51AM & received the approval email at 3:16PM. Friend of mine's 90 Day was also due on 30th January, he did his 1st Online application on Saturday & it was approved at 3:30PM on Tuesday (also Jomtien IO).
  20. As I posted previously I believe that the RD hasn't issued any further edicts because the only thing that has changed is the fact that income earned in previous years is now subject to tax assessment if it is brought into Thailand in future years & they've explained that. Somebody earlier used the analogy of "Getting on a Football Pitch & being Told the Rules after Kick-off" That's not right... A better analogy would be you "Earn" a Yellow Card (Income) in one Game & in any future games the referee tells you that if you bring that card into the game (Remit that income into Thailand) then it will count... Instead of the old rule of it not counting. The referee doesn't need to explain the existing rules of football to you as they haven't changed & they expect you to understand those already.
  21. In fairness & playing Devil's Advocate (If the Devil didn't exist would he have an advocate ), it's impossible to prove that something doesn't exist so the onus is really on proving that it does. This doesn't reflect my views on whether God exists or not... I don't believe he/she/they exist in the Abrahamic religion sense, but do think that there is something out there that we don't (& may never) understand, is that "God"? Dunno...
  22. The way I see this is, whatever you were doing last year in respect of bringing income into Thailand that was earned in the same calendar year is exactly the same. The only difference is that the "Same Calendar Year" now means "Any Calendar Year from 2024 onwards", so 2024 will be exactly the same. I think the problem for most people (& I certainly include myself in this) is that we don't fully understand the tax rules as they were before this change but have not needed to do so as we weren't bringing in income the same Calendar year it was earned, so I guess that if we did fully understand the rules prior to 1/1/2024, then we'd know exactly what the rules are now & how we'll be impacted going forward. Simple example, somebody remitting 100K pm from a private pension each month as the pension is paid, if they should have been paying tax on it in 2023 then they should be paying tax on it in 2024, 2025 etc... , if they shouldn't then they won't be paying tax on it in 2024, 2025 etc... The same is true of any income. So I guess the answer (to me) is that I need to fully understand the current rules as (to the RD) this is just a "Clarification"/"Tweak" to one part of the rules which they've already explained, so there's nothing more to explain. Now if I have questions on "What is assessable income", "How do DTAs impact my Tax Calculations", "Can I gift my partner money" etc... etc... etc... then nothing has changed in respect of these so I can't really expect the RD to think that they have to explain "any changes" to me.
  23. If God did not exist, it would be necessary to invent Him Voltaire
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