Badger18

23 minutes ago, Sticky Rice Balls said:

will be doing my 1st ext this week in CM--then my allowed 2 runs to burma with those extended

 

gives me 6 months total and then back home for 6 months to work....rinse --lather--repeat

I have a similar pattern of maybe 5 months a year in Thailand. Out of interest, why do you do 3xVE when you could do 2xTV and only leave the country once? Because you can't be sure they'd give you the second TV?

On 5/25/2023 at 2:19 AM, MrMuddle said:

I'm looking to complete a will for all of my assets in Thailand. I already have a UK one for my assets there.

Does your English will say it only covers your UK assets? If not you are potentially creating a headache for your English executor. They would at least need a copy and translation of the Thai will.

1 hour ago, khunPer said:

Taxation – which is what a DTA is about – is different from handling the deceased's estate. DTA is about "double taxation". Taxation has to do with both domicile and tax-residency, you can be taxed both places, and you can be covered by a DTA covering you not to be double taxed. The estate can still be handled in the country of primary resindency, even the dividend – or part of the dividend – shall be taxed in another country.

Yes, the question of who administers the estate, and according to what law, is separate from the question of what taxes are due - but you raised the issue of administration in response to another post saying that it was a good idea to have a separate Thai will in order to avoid paying UK inheritance tax, and it reads to me as if it's saying that's partly true. Maybe I should have responded to the previous poster and not you, but in that case I'm not sure what you are saying - that it's a good idea to have a Thai will because it's much more practical to have a Thai executor?

1 hour ago, khunPer said:

It's depending where you primary stay was, when you die, that is the law for handling the estate – except for non moveable items like real estate.

That may be true for some countries but not for the UK. If you're UK domiciled (that's domiciled, not resident) UK IHT is payable on all assets regardless of where they are. It's possible to become domiciled outside the UK but it takes far far more than just primarily staying in another country (or making a Thai will). In fact Brits living in Thailand at the time of death could easily end up paying *more* inheritance tax because they won't get the family home tax break. I don't think you get the spousal exemption either, if your spouse is not UK domiciled.

This is subject to the double tax treaty between the UK and Thailand, but the original 1981 convention did not cover IHT so unless it's been amended it makes no difference.

5 hours ago, BritTim said:

I should have covered Manila. It is an unfriendly location to apply, and applications for tourist visas are often denied.

Sorry to badger (ahem) but I'm never really sure what counts as strict in these discussions. Is the "no more than 90 days in the last 6 months" rule about as strict as it gets? I would never fall foul of that one but I don't know if that means I can safely apply anywhere. Also, is this info basically for people who have only been in the country where they are making the application for a few days and intending to go to Thailand right away? Does it make a difference if you've been there for a couple of weeks or a month?

How about Manila - is that a good option?

2 hours ago, SeaBee said:

But if you're going by yourself you don't enjoy the same deal

Yes that's what I was thinking. Is Sadao better than Pedang Besar then? The attraction of PB is that it's on the train line.

23 minutes ago, edwardandtubs said:

I've taken holidays in all those countries before so I'd rather go somewhere new like Turkey and there would be no difference in cost.

Turkey helps with the jetlag too.

I might do something like that later in the year. Why do you think the fact that a lot of Russians use the WP crossing makes that a better option?

1 minute ago, DrJack54 said:

What does that mean.

 

Every visa exempt entry gives 30 day stamp.

You can apply for extension.

 

Normal that would be done in last couple of weeks of expiry of that stamp.

The 30 day extension dates from expiry of current stamp.

 

In other words that process gives 30+30 days. 

If I understood OP correctly he got 45 days because he came in before the cut-off (end March?). He seems to think his extension will only be 2 weeks. I think his reasoning is that since the current process only gives 30+30 = 60 and he has already had 45, they may only allow him to extend by 15 days. I don't think that's correct but it explains where he was coming from. If he actually has 2 weeks more than he thinks it means he only needs the one bounce to get to mid Sep.

I think your logic was that visa exempt entries are now 30 days, extendable to 60, so they may not give you another 30 taking you to 75. I think they will but somebody must have done this recently.

This means that you can get to mid-September by leaving once and coming back on an SETV which you then extend - no need for the second bounce.

2 hours ago, edwardandtubs said:

 

4) Get the current visa exempt extended until mid June and then have a nice holiday in Turkey. This is very tempting and for this reason I don't want to spend too much time, money and hassle on a visa run just for the extra 10 days in Thailand.

5) Any other suggestions?

Flying out, getting an SETV and then flying back seems like a lot more hassle and nearly as much cost as sacking off your return flight to the UK and booking a new one from Hanoi or maybe Kuala Lumpur or Singapore. I think you still get 15 days visa exempt in Vietnam, so in your shoes I think I'd just have a 10 day holiday there.

You're also adding to your visa history if you do the bounce and increasing the risk of problems down the line.

On 5/6/2023 at 10:23 AM, topt said:

I am currently in this boat but have been paying only once per year? Hopefully this will not change.

 

This is after they have assessed my paper tax return (too tight to pay for commercial software although seriously considering it ) and they let me know how much I owe. 

Payments on account are not required where the amount collected through the previous return is below a certain level, so you will stay on one payment a year unless your tax bill goes up.

On 5/1/2023 at 9:23 PM, keithkarmann said:

I also have a rental property

Don't know if your property is mortgaged but be aware that some banks will ask you to close your account if you move abroad permanently and some mortgage Ts&Cs allow the lender to call in the loan. From what I've read on here, keeping a UK address seems to stave off any problems even if you are telling HMRC that you're non-resident. You would definitely want to check your banking facilities / mortgage weren't suddenly going to be withdrawn before notifying them.

7 hours ago, wordchild said:

Thai Tax Law does not make a distinction between Capital Gain and Income from Investments, it all counts as Income and can be subject to Thai Tax. 

If one intends to invest outside Thailand then the best thing to do is to maintain an investment account outside the country and then only bring in the income (and any gains) after Jan 1st each year. This should avoid any issues with Thai Tax.

A number of the major Thai brokers are also prepared to set up Overseas Investment Accounts for Thais and foreigners based in Thailand; these accounts are structured so that the investments are held by custodians outside Thailand and investors in these accounts are recommended to only repatriate funds in the following tax year, ie so no tax is applicable.

The issue with these accounts is that they are (usually) more expensive to operate than an equivalent brokerage account set up with ,say, a Singapore or HK broker.

 

Thanks. So if I am understanding correctly it would just be a case of finding a platform that lets me open an account on the basis that I'm resident in Thailand but is not itself based in Thailand. Then income can be tax free provided it is not brought in in the same year.

It seems a bit strange that the income would be treated as arising wherever the broker / platform is located is even if the stocks themselves are listed in a different jurisdiction, but I guess it's simpler that way.

1 hour ago, aldriglikvid said:

https://www.set.or.th/en/market/information/tax

Thanks. So for a UK national capital gains are exempt subject to conditions, but the site doesn't say what thise conditions are. I'll have to see what I can find out about the double tax treaty.

On 5/1/2023 at 9:23 PM, keithkarmann said:

I know If I declare that I have moved to Thailand that my UK state pension will be frozen.

Can I just double check that this applies where you are already receiving the state pension at the point when you cease to be UK resident and does not mean that you get it at the rate for the year you ceased to be resident even if that is many years before you turn 65 or 67 or whatever it is?

This has to have come up before but I'm not finding anything. If I become resident in Thailand and invest in shares or index funds, how are the gains / any dividends or other income taxed? I'm talking about Thai tax here, obviously.

On 5/2/2023 at 3:43 AM, Mike Teavee said:

I'm assuming the OP's pensions alone will take them over the £12,570 personal allowance with any additional income attracting more tax so there are a couple of good reasons to be Non-UK Resident for Tax Purposes... 

1. No Capital Gains Tax on assets (excluding Property) sales, the CGT limit was reduced from £12,300 to £6,000 this year so a basic rate taxpayer will pay 10% on any gains over £6,000... Expect this limit to continue to reduce each year.
2. Dividends, again limit was reduced from £2,000 to £1,000 this year (& will be £500 next) so a Basic Rate Tax payer will pay an additional 20% on their dividends (Higher Rate Tax payer will pay 33.75% & 39.35% if you're in the Higher rate additional bracket)  

 

 

 

 

Can you trade assets other than property though? In practice I guess that means shares, but I don't think brokers will deal with you if you are not resident. You must be able to sell what you are holding if you have become non-resident, I guess.

On 5/4/2023 at 4:36 AM, CartagenaWarlock said:

I sit in front of computer and apply in five minutes now as I have all my documents in one folder in my computer.

What docs are required for SETV though? Does it include the PP stamps?

On 5/4/2023 at 10:41 PM, DrDave said:

The manual for the online application uses a Tourist Visa as an example, and doesn't show any of the "required but not required" documents in the step-by-step guide.

Haven't seen that - is it on the evisa site or an embassy site?

I know you don't if you have citizenship bit not sure about PR.

If I enter visa exempt later this month, extend, then go to Langkawi for a week 2 weeks into the extension (so after about 45 days), then get the ferry to Phuket and enter visa exempt again, am I likely to have a problem? I had intended to get an SETV but it turns out I can't get one locally (because I'm not resident).  I last entered Thailand in December 2022 and stayed until 20 Feb this year (visa exempt).

3 hours ago, BillStrangeOgre said:

Very useful post. Thanks.

A tourist visa can be for 3 months, Do they expect me to prove i've paid for hotels for a full three months in advance when i apply?

The way I understand it is you have to have accommodation booked up until the date of your flight out of Thailand, so you book a few weeks and get a cheap or cancellable or movable flight leaving on the last day.

4 hours ago, Red Phoenix said:

You could try applying for an eMETV from a neighbouring country of Thailand and setting your VPN to UK, as that would spare you having to fly to UK to do the application from there.

Don't you have to send them confirmation of your flight to Thailand though? They will see where you are departing from.

10 hours ago, trax33 said:

upon entering Thailand on Suvarnabhumi airport with this Tourist Visa I was taken aside by immigration and told me the reason why this was being done was because this year I had gotten a visa exempt after a (same day) border bounce which they found was not acceptable.

Did they ask you any specific questions or was it just a "don't do it again"?