ChasingTheSun

You need to keep your statements from dec 31 2023 to show you already had the capital prior to the new tax las.

Doesn't apply to anyone bringing in capital derived prior to 2024: However, tough luck for those that need to live off of income/capital earned after 2023.

Stick with Phuket. Stay in Kamala or Karon. have fun!

Hello, Does anyone know where to download a FREE online english language template for a simple Thailand Foreign Freehold Condo Sales and Purchase Agreement?

Anyone know what the SELLERS approximate legal fees are to sell a foreign freehold condo in Phuket? Any recommendations for a fairly priced competent real estate lawyer in Phuket are also appreciated. You can PM me if you prefer. cheers.

Can you kindly share with us the shangri-la where the “exodus of quality expats” are now fleeing to due to apparent “personal” matters?

I need to see more pics of the thai gf before I can comment further.

White flight. Expect much more of it going forward. USA, Canada, UK, EU, ANZ fast becoming no-go zones for the working class natives. .

In the year 2000 half the world will be underwater. - Al Gore

Blackwater beach everywhere Thailand on the list?

The long neck girl tourist park still a thing up there?

Congratulations Thailand! Go for the gold!

Solar flares are a downer. Hopefully the sun will behave going forward.

He may somehow have a USA passport, but he is not an American.

In Future News, “hundreds of thousands of Thais are now living in the UK illegally.”

ZZZZ, Let’s keep wonderful Kamala our little secret. Best to encourage outsiders to go elsewhere.

Maybe the man identifies as a horse? That would make it ok then. .

Russians have a country to return to. Ukrainians not so much anymore. Thats why you would probably see many more Ukrainians trying to stay in Thailand.

Allot of the people you think are Russians are actually Ukranians.

As the old saying goes, if your looking to make a new friend in Phuket, get a soi dog.

I suppose it depends on where you live and how old you are. Kamala remains a great place to live regardless of age. Been here since 2010: Haven’t noticed many major changes across the island since then. high season is upon us, and its busy, but low season will come again and its great. Traffic is probably a bit worse if you need to go between towns during the daytime, but thats because more long term expats are settling here now. Most who complain about phuket just cant afford to live here, or are just getting too old to handle change.

People change, seasons change. People come, people go. Thats life. Can anyone name a better place overall than Phuket? Somewhere that is very well connected to the world, with good beaches, still relatively inexpensive, easy access to good hospitals and decent schools, good diverse dining, and world famous nightlife?

Is this the bottom line for those who already had significant capital/assets overseas already at December 31 2023?…. This new tax grab only applies to expats residing in Thailand who live off of their overseas pension/biz/investment income and cap gains which is generated after December 31 2023 and brought into Thailand? If you simply bring in capital that was existing pre-2024 into Thailand you will be tax exempt on that pre-2024 capital. Income/cap gains generated after December 31 2023 is never taxed in Thailand unless it is brought into Thailand at a future date.

I guess bank or brokerage statements should suffice if called upon?

So the GREAT NEWS is now confirmed that the monetary value of all assets(stocks, bonds, cash, homes etc) held as of December 31 2023 overseas will NOT be taxed if ever remitted to Thailand at a later date? Additionally, any new cap gains, income, dividends received overseas AFTER December 31 2023 are not taxable in Thailand unless they are remitted to thailand?