chiang mai

No! You are entitled to 50% of the value of the pension transferred to Thailand, up to a maximum of 100k Baht. Plus, you are entitled to a 60 K personal deduction AND because you are over age 65 years, a 190k deduction.

Just to reinforce what ukrules says, year earned AND year of remittance, to be safe.

Perhaps that's because they don't see it as a problem.

Thailand operates a self assessment system of tax, it relies on you to declare your income truthfully. If TRD doesn't believe you or has questions, they will ask you to verify what you said is true and to supply evidence that it is so. That evidence must be positive evidence and not the default that you propose.....I didn't earn it so it must be savings simply wont fly, you need to demonstrate that it is actually savings using statements etc etc.. Now you've started to become irritating, you've been given all manner of helpful information and you;re calling people names so enough is enough...slot 3, welcomes you, your time with me is up.

No that's not the case. I suggest you read the following document:

I'd be willing to bet that any drop in demand by Westerners will be rapidly absorbed by Chinese and Russian buyers, there are millions and millions more of them than there are of us. The area where I live in the North is dominated by Chinese buyers who have money and are very keen to buy here.

I'm certain he must have been correct, truthful and 100% accurate in everything that he told you so if I were you I'd add that to your defense when the time comes, it may help. It's odd however that there's nothing in the TRD Code, or anything put out by the tax consultancies, to support your claim....unless you have a reliable link you can post to support what you say? ,

Nope, 3 it is, it's very comfortable and has a nice view, you'll like it I'm sure.

Not exactly. When you sell a property in the UK it is not taxed, if it is your primary residence. If you then remit that money to Thailand it will be taxed as a capital gain, assuming you were Thai tax resident at the time of the sale and the remittance. If however the property was not your primary residence and UK Capital Gains come into play, remittance of those taxed funds to Thailand will result in a recalculation of taxes due, taking into account the Thai tax sales and any tax already paid (which can be used as an offset)

You're too funny to put on ignore but slot 3 awaits if you cease to be so. So your story is, hey Mr Thai Tax Man, I didn't have 5 million in income since January 2024 and there's no possible way I could have stolen it or earned it from illegal activities such as my part time job as a smack dealer ergo, the 5 mill. MUST be savings...is that about it? Well OK, give it a try and see what happens. Gotta love the entertainment value of that one.

JT is correct on this point, Por 162 is very specific, only income earned before 31 December 2023 is free of Thai tax. All savings were income at some point and do not mysteriously and magically become savings overnight or in the following year.

Another related AN thread that the OP may find helpful, discusses property purchase by foreigners and proposals for change to their tax treatment..

Exchange rate fluctuations make that risky

Gosh I know, links can be so difficult to see sometimes!

You get spot number 3, well done.

Yes mentions some. Again, I don't care what you believe or not and I'm not going to do your searching for you, bye.

The BP article confirms what I said,go read it, or don't, I don't care.

11.9 minus 4.25 suggests there are 8 mill people who pay tax, there aren't. As the other article I posted at the same states, there is only 3 mill. I did my homework, you only did half of yours. Both articles are linked in my earlier post exchange with you, perhaps you overlooked it, cough cough

Bangkok post, It was posted on AN quite recently, which is how I heard about it. Don't care you believe or not, you want it, go look for it

I didn't say in Thailand, I refer to the industry globally. In fact, the chair of the Thai real estate association called for such a tax about two months ago, so as to put Thailand on line with common practice.....you can Google that too.

I try not to shout and rely instead on members ability to comprehend English. But yes, minimum holding periods are not uncommon, google it.

Many countries impose a foreign buyers surcharge or tax, if no minimum holding period exists, in order to deter speculation.

Absurd comment.....no country bases it's real estate market on the premise that all sales to resident foreign buyers will not tax funds used to purchase real estate.

It isn't, I wrote that I expect it WILL be, as in, in the future.

I expect funds used to buy property will be exempt, subject to a minimum holding period of say 5 years or more.