
Mike Teavee
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Everything posted by Mike Teavee
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Am sure it's just an initial "Teething" thing & they'll allow you to do it online/mail/at other offices once the scheme has "Matured" a little. But 1 more question if I may... Is the report due every year or only if you do not leave Thailand for 1 full year (i.e. If you went outside of Thailand at least 1 time per year would you ever have to do a report?).
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One of the much lauded benefit of having an LTR is only having to do 1 90 day report per year but that now sounds like it's a major disadvantage if it has to be done in person, it's much easier/quicker/cheaper to do 4 x 90 day reports online. Does it have to be done in person or could you mail it in & if it has to be done in person, does it have to be done in Bangkok or are there other BOI offices (e.g. Chiang Mai / Phuket) where you could do it?
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Been gone since early 2020, have a few questions before I return soon
Mike Teavee replied to wpcoe's topic in Pattaya
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For the initial Non-OA he could use Insurance from his home country which gives him more options plus better coverage. For some reason, the Insurance requirements for the Non-OX don't seem to have changed as they have for the Non-OA/LTR (3Million In-Patient), it's still listed as 400K in-patient & 40K outpatient. OP: As other's have suggested entering visa exempt & doing an extension on each trip is probably your best approach however if you do want to get a visa then the Non-IMM OA visa is a good option as this will give you almost 2 years access... Come & go as you please for Year 1 Just before the end of the visa enter Thailand to get another 1 year permission to stay Get a multi re-entry permit & come and go as you please for Year 2 Then either do an extension or get a new Visa in your home country However, if you don't want to get the Health insurance then a 90 Day Non-IMM O Visa can work... Enter Thailand & after 15-30 days extend your permission to stay for 1 year (This will be 1 year from the end of the 90 days) Get a multi re-entry permit Come & go as you please for 1 year Then either do an extension or get a new Visa in your home country
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Been gone since early 2020, have a few questions before I return soon
Mike Teavee replied to wpcoe's topic in Pattaya
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Not sure I understand what you're saying here as Thailand doesn't tax any overseas generated income (Including Capital gains) if you don't bring the money into Thailand in the calendar year it was earned (& if you did they have no way of knowing unless you declare it). I don't believe they charge Capital Gains tax on profits made from local real estate either, but have never bought/sold property in Thailand so don't know for sure, just have never read/heard anybody say that they've had to pay CGT when selling property. The only thing I can see Malaysia being more "Tax Attractive" on is if you were working there where the top rate tax is 28% Vs Thailand's 35% but I don't think that's applicable here as you can't work on the Thailand Elite visa.
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Barclays try to take a holistic view of their customers so you (& me paying £17 pm) are way back in the queue of "Customers we are going to close accounts on", especially as I'm sure you have a lot more money/assets in your International account than the average Joe has in their UK account If they do finally decide to close your account, it's not your job to close it, they notify you, they close it... BUT they have to give you at least 3 (might be 6 now after the recent Farage palaver) formal notice that they are closing the account (you will get an end date when the account will be closed) which is plenty of time to reorganise DD/SO's etc...
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They are only closing UK accounts for customers who do not live in the UK so your international account is safe (Living outside of the UK is the main purpose of these accounts). I do think you've made it much easier for them to close your account by cancelling direct debits / standing orders etc... as they make money on those transactions... I pay them approx. £17 per month for my Stockbrokers "Smart" (sic) Investor account so they seem to be leaving me alone (& they do know that I don't live in the UK as they moved me to Singapore 15 years ago, my account still shows "Staff Account" & has a sort code that you won't find fits any "Branch") Can I ask how much the Barclays International Account costs you pm (Seem to recall a fee of roughly £40 pm) only if they do close my account then that's probably the route I would go down as I wouldn't want to lose the Stockbroker accounts (Though smart they are not)
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What Movies or TV shows are you watching (2023)
Mike Teavee replied to CharlieH's topic in Entertainment
Blacklist Season 10 is due to be available on Netflix from Saturday. -
If you're not able to take your landlord to court (Be very strange if you didn't have a photocopy of their main passport page as part of the lease agreement as you need this to do things like a TM30) then I'd recommend taking the agent to the small claims court, they're the ones that will take the deposit & issue a receipt make it there problem to get it back of the landlord if he doesn't pay. Assuming the lease agreement is in his name, it doesn't matter who's bank account you pay the rent into (I pay it into the agents account, but it is a Bricks & Mortar place) they're ultimate beneficiary so should be the ones paying tax etc...
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There is a small claims court & the threat of taking your landlord there might be enough to get something back, especially if he’s not being filing tax returns (960K pa is a lot of income to not file a return). No idea how the process goes but have seen reports on here of people going through is so a quick search of the site might help… Google: Thailand small claim court how to site:aseannow.com
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I believe the 1 month deposit only applies to people who have 5 or more properties to rent out, 2 months is the norm & if that’s what your landlord wants, that’s what you pay or look elsewhere. The way I look at it is if I pay 160K security deposit & don’t get it back then the rent was 86,666 pm (less when you take into consideration they’ll pay your final electric bill, clean the place, repair/replace things as needed etc…) instead of 80,000.
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What's good about the Philippines?
Mike Teavee replied to georgegeorgia's topic in ASEAN NOW Community Pub
I used to love Cebu but the traffic got to be a complete nightmare so prefer Davao/Bohol & used to visit 6-8 times a year (from SG) when I was dating a FIlipina (8 Years) but when it came to retirement there was no doubt in my mind that it was going to be to Thailand. I did look into the SRRV and it's a great program (Wish Thailand's was more like it), if you do decide to check out Davao then there is an SRRV agent that has an office in The Royal Mandaya Hotel (Nice hotel to stay at anyway) that can explain everything to you, I don't think it costs anything to use an Agent so can't hurt to ask. -
I usually... - Round-up in restaurants/bars & add a little more if it came to say 590 or take a little back if it came to 510 - usually 50-60b, but a maximum 100b & minimum of 40b irrespective of cost of meal (+ coins). - 100b for massage irrespective of 1/2, 1 or 2 hours (NB. I don't like massages so this is what the GF tips) - 40-50b PD for Hotel Cleaners/porters who carry the bag to the room - 100b to Barber (whether the cut costs 150b or 350b) - 200b to Airport Taxi Driver (Nam/Cherry/Meow etc...), 100b for meter taxi. - 30-40b (+ coins) to a Bolt driver, more if the journey is long or lots of traffic. There are the odd exceptions like a great Bolt Driver who realised the restaurant we had booked the taxi to had moved so took us to the new location & many drivers who have waited for us when I just need to pop in somewhere & then go on to a different destination. And the Bolt driver we had the other day who refused to enter into the Condo grounds & drop us at our block, Fare was 97b & I'd already handed the GF 140b to give to him but after a brief discussion where he insisted the ride was booked to the condo gate & no further, I got 43b back, she wouldn't even leave him the 3b. Best laugh was he picked us up a couple of days later & went the extra mile to drop us off at Marriott Courtyard even though we couldn't find it on Bolt so had booked to the Phingpha condo across the road so maybe he learned his lesson (he got a 40b tip).
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Wrong... It may be cancelled... From https://thailand-elite.com/faq/ The only time I can recall anybody reporting an overstay on TE was the guy who overstayed by > 90 days & was given a 1 year ban but his Visa was still valid so he could return to Thailand after the 1 year had passed though he'd effectively lost 1 year of the (IIRC) 5 year Visa.
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I've found the best approach is to... 1. Do the legwork & find the area that you're interested in, In our case we did a "Tour" and stayed 3-5 nights in Pratumnak, South Jomtien & Wongamat having already ruled out central Pattaya/Jomtien 2. Find the Condo building(s) in that area on HipFlat, Thailand-Property, Lazudi etc... & make a shortlist of potential units/prices. 3. Find a local agent that is likely to not only have units in the Condo Building(s) you're interested in but also be aware of any units that are coming available soon (In our case it was easy, we'd narrowed it down to 4 Condo Buildings in Wongamat & went to see Som at Ocean Properties who had us viewing units in 3 of them within the hour, the last one we had to wait until the evening, wasn't even on her books but it was the one we ended up choosing so she brokered a deal with another Agent to get it for us) Once you've found a Condo Building that you like then it's worth a chat with the condo management team to see if they know of any units available, we're in the middle of moving & the unit we're moving to ended up being one that wasn't yet advertised anywhere as the owners had only recently decided to rent it out (they actually had 3 2br 2bth units on their books that weren't advertised anywhere else) - Same thing happened with the Condo I had in Bangkok.
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I don't think that's correct, as Joint Bank Accounts are normally passed by "Survivorship" so the money automatically goes to the surviving holder. This can be challenged but I believe the Banks will allow the surviving holder to take the money so they would need to be sued for it's return. Edit: Example Case... https://www.gadlegal.co.uk/news/elder-law/the-inherent-dangers-of-joint-bank-accounts#:~:text=Joint accounts are ordinarily subject,of great convenience to all. Guy was allowed to take out the money after his mum's death but had to repay it to the estate when it was proven that she put all of the money into the account so rather than being treated as a Joint Account it was treated as a Trust and so part of her estate.
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What Movies or TV shows are you watching (2023)
Mike Teavee replied to CharlieH's topic in Entertainment
Underbelly: Vanishing Act https://www.imdb.com/title/tt15428452/ The true story of Melissa Caddick, a woman who disappeared after swindling over $40 million from her most trusted clients. -
Exactly the same here & fortunately my Bangkok Agent spotted the consolidated entries and took me to the Bank to get the necessary statements to prove I hadn't gone below the 400/800K limits. Would be great if Thailand had an option to stick 800K somewhere "Official" (say a Government Bank/Bond) & if you didn't dip into it you get a simple letter saying "Yep, all good", no need for statements or copies of Bank Book etc... If you did go below the limits then you could revert to showing certificates/bank balances/bank books from elsewhere.
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You can update the Bank Book on the Day but the Immigration Office (at least Jomtien & CW in my experience) seem to want to see a transaction on the day you get your "Certificate" from the Bank confirming your Balance, makes no sense to me as an updated Bank Book confirms the balance, but it's just another one of those little "Hoops" that we seem to need to jump through each year.
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The requirement was for a 1BR 60SQM Unit, no idea how big the Units are at the Base but it wouldn't surprise me if the 1BRs there were < 40SQM. And a quick check on Hipflat suggests most are around 30SQM https://www.hipflat.com/projects/the-base-central-pattaya-zuiltg