CharlesHolzhauer

This is crystal clear! But would his wife, as the recipient of the gift, report this to the RD via a tax return form?

Well, Ben didn't mention the requirement purchasing government bonds.

Is there any room for negotiation when it comes to obtaining a ('wealthy pensioner') LTR visa?

@Bandersnatch To be honest, I find myself envious of your off-grid solar energy setup, as it offers independence from the conventional electrical grid. While I have the financial means to invest in such a project, unfortunately, I lack the expertise. Considering replacing one of my cars, I'm contemplating an electric vehicle like the NETA V for our short shopping trips around town. Fueling it from solar produced energy sounds immensely attractive and sensible. However, I'm curious about the skills required for maintaining such an elaborate solar setup in comparison to a conventional electrical grid installation. As I am getting older, I also wonder about the long-term sustainability of such a system, especially in the event that my wife might have to manage the solar installation alone. In our village, there's a skilled person proficient in rewiring houses with breaker boxes and earthing equipment, but he admits to having no knowledge of solar installations and their components. Given my age, it's a concern that my wife or her relatives may not possess the skills needed to maintain, fix, or troubleshoot issues with the solar setup. Have you considered this aspect, and if so, do you have any plans in place for the future management of your solar installation?

Exactly, I find it both amusing and disheartening that Bandersnatch, an obvious true pioneer of solar-produced home energy here in Thailand, is consistently under attack and nit-picked from individuals who fail to undertake the necessary research.

Amen, Hallelujah and many thanks for being so considerate...

@Mike Lister I hope you're well and in best spirits. Despite facing personal attacks, intentional disruption, and delusional behavior from certain posters on the ASEANNow forum, I admire your tolerance. It can be challenging to navigate discussions with individuals who refuse or are incapable of reading or comprehending written documents. Regardless the challenges, you remain committed to promoting open dialogue, fostering meaningful conversations and understanding and striving to maintain a positive and constructive attitude. My thanks.

Thanks for making my day 🙂 Excellent suggestion, thanks.

@Mike Lister I am a pensioner. My tax accountant lodged my FINAL tax return, and I became a non-resident of Australia for tax purposes. Since I reside in Thailand for more than 180 days, I am considered a tax resident of Thailand. My private pension provider in Australia allows me to choose, to a certain extent, the amount of my pension payment. Currently, I choose to withdraw the minimum amount as approved by the Australian government. The pension payment is credited to my bank account in Australia and is tax-free! According to what I've read in your original post, I accept that my pension payment is considered assessable income by the Thai Revenue Department. Since the minimum amount in AUD significantly exceeds the minimum taxable threshold of THB 120K, I was thinking to remit only about THB 1M per annum. However, I am unsure if the Thai Revenue Department will expect me to pay tax on the pension payment received in Australia or the amount remitted to Thailand - would you please clarify as the tax payable for the total pension amount would be immensely larger. My apologies if I missed the pertinent information as the 4 threads relevant to this issue are very active. In any case, what supporting documents will the Revenue Department request when filing the tax return, and how should I determine the acceptable AUD/THB exchange rate? Also, my pension provider is reviewing my pension payment annually, which will change depending on my age and total account value. In Australia, the fiscal 'financial year' starts on 1 July and ends on the next 30 June. Due to the obvious difference, I am unsure how to accommodate this in the Thai tax return. Thanks for considering my post.