The Cyclist

Since I am I dont like taking liberties. No formal time limit, is the key words. Anyway, the media screw is starting to turn, https://www.theguardian.com/commentisfree/2024/dec/09/labour-planning-laws-local-democracy-homes https://www.theguardian.com/politics/2024/dec/09/human-rights-for-syrians-but-perhaps-not-for-saudis-in-labours-middle-east And this is one to revist in 6 months time 😀😀 https://www.theguardian.com/politics/2024/dec/09/keir-starmer-says-saudi-arabia-trip-fulfils-number-one-mission-to-grow-uk-economy Growth ? I wonder who will be correct, Starmer and Reeves or the multitide of economists who say the opposite.

Your Government Pension does not need to be declared, as it is only taxable in the UK. Your other pension should be declared, if it is above the tax filing thresholds in Thailand. That does not mean that the non Government Pension will be taxable, once TEDA's and UK Tax paid are taken into consideration. If you go back to Novemeber last year, this is exactly what I said I was doing. Government Pension will continue to come direct to Thailand. Last payment on my Private Pension to my Thai Bank account was 15 Dec 2023. It was then paid into my UK account and will continue to be paid into my UK account until clarity / sanity comes to this tax debacle.

And now we get close to the truth.

That remains to be seen, however the King could refuse Royal Assent.

We are only a few months in, best wait and see. He doesn't have to agree to a dissolution, he can simply withold Royal Assent, which would cause the Government to collapse. Posted it on here somewhere. Raynor is the darling of the Unions, and will be annointed when Starmer is ousted ( stabbed in the back ) by his own Party. Reeves Budget and Raynors workers bill, have just destroyed much of the UK. The effects are just starting, see post above. And Milliband with his Net Zero, not even going to go there. At some stage, a grown up has to step in, before the destruction is terminal and cannot be reversed.

And so it begins https://www.thetimes.com/business-money/economics/article/economy-likely-to-shrink-as-budget-gloom-spreads-t6kddgn85 A singer by the name of Yazz had a hit with a song called ' The only way is up ' This Labour Government prefer to emulate Status Quo's ' Down Down ' Starmer & Reeves, 2 of the most uninspiring, robotic, wastes of space to inhabit No 10 & 11 Downing Street.

I never said or suggested otherwise. I was referring to a posters 2 x UK Pensions There is a long list of incomes that are not assessable for tax, or liable for tax, in Thailand. I didn't mention any of those to the poster either, he was asking about his 2 x UK pensions, which will be classed as income, assessable for tax, and depending on the posters individual circumstances, may or may not, require the poster to pay some Income tax in Thailand.

Were you born that way, or was it just something you worked hard at all your life ? I was referring to a poster with a UK bank account and 2 x UK pensions going into that bank accout. What would happen when he had reduced the Balance as of the 31 Dec 2023 to zero, and how his 2 x pensions would be classed when he subsequently remitted them to Thailand, which would be income of some description. I wasn't referring to bank loans, Inheritance, lottery winnings or robbing banks, only the posters 2 x UK pensions.

Something specific to you does not apply to the poster with 2 x UK Pensions, who wanted to know about remitting money that was in his UK bank on 31 December 2023. So what you do with your bank loan and inheretence from your grandad, is entirely up to you.

Here is a nice simple flowchart that explains it in simple terms The left hand column explains banks identifying the Tax Residence of their customers. Kbank has already started this process and there is a thread on the forum. The right hand column explains the tax residency of individuals. Which is generally, including Thailand, 180 days or more in a tax year. It should also be noted, that individuals can be tax resident of more than 1 Country, and this should be declared by the individual. If you have any other questions, regarding CRS, Thailand, The Thai Renevue Code or Tax residency. the information is freely available in the public domain and I suggest that you should dig into it yourself, as what I am posting here, is only my opinion on what is written down in the various publications.

You hve read the 324 pages already ? https://www.oecd-ilibrary.org/taxation/standard-for-automatic-exchange-of-financial-account-information-in-tax-matters-second-edition_9789264267992-en Get back to ke when you have went through the whole 324 pages.

The balance on the bank statement dated 31 December 2023 will determine the amount of savings. Once that balance has been remitted to Thailand ( savings used up ) any further money remitted to Thailand are no longer savings, and you are remtting income, of some description.

You couldn't be more wrong, if you think that is what CRS is all about. As stipulated in CRS for tax residency, ie, 180 days or more in a Country and you are a tax resident of that Country. The main thrust of CRS is to reduce, detect and eliminate tax avoidance / evasion throughout the 120 Countries that are signed up to CRS, which not only applies to off shore bank accounts, it applies to any monies that move cross border within those 120 Countries Its only 324 pages https://www.oecd-ilibrary.org/taxation/standard-for-automatic-exchange-of-financial-account-information-in-tax-matters-second-edition_9789264267992-en Knock yourself out.

Doesn't fit in with Or in keeping with the thread title, perhaps Prince William is a far right activist. Cannot have it both ways.

You need to get a bank statement as of 31 December 2023. Whatever that figure is on the 31 December 2023 ( for example £25,000 ) you can bring in that £25,000 anytime free of tax. No need to declare it, but keep good records, and attach remittances to the bank statement. Once that 25,000 has been brought into Thailand, any subsequent money brought into Thailand will be subject to assessment and possible tax, depending on your specific circumstances and how much you remit

So why move it from the account it is currently in ? Does the money really need to be in an offshore account ?

Fair enough

His wife maybe, I dont know, you would need to ask oldcpu, he wrote it

oldcpu, I really do not understand this. If you have no Thai income and you do not remit money from overseas, why would you even try to get a Thai Tax ID ( TIN ) ?

Sorry, you have lost me with that one. Would you mind explaining.

Hmmmmm What does Starmer think of his wife when he is enjoying the company and freebies of Lord Alli, does he consider her no more than property, that lends to the illusion of marital bliss ( It has been noted elsewhere that he appears to have lost his wedding ring ) Some might argue that the Inheritance Tax raid on farmers, is indeed, the start of land redistribution. Only it wont be redistrubuted to the people, it will get redistributed to one of the US's largest farmland owners, who Starmer just happened to meet in Downing St a couple of weeks ago. Goes by the name of Bill Gates.

What do I look like, your PA ? But as this will be our last engagement. The Labour Party Constitution defines the Party as Democratic Socialist Party. In the run to the 2024 GE, Free Gear Kier described him self as Progressive Socialist. Starmer loves spending Lord Alli's money - That makes him a Socialist, or bent as a nine bob note. Take your pick and goodbye.

I don't You should stop wasting your time posting crap.

Well your confidence is shot to bits. He is actually a Pabloist, which is a combination of Socialism / Marxism.

I don't disagree But the obvious question is. Qualified, what does that even mean when referring to Politicians ? The whole thing needs ripped up and started from scratch.