Eldritch

I can understand how it would appear like that and appreciate the advice based on that.

Assuming I am declaring my tax returns in UK, can you explain more about how that would work with regards to being below the Thai taxable incomes levels? I assume you mean I will not be staying here for 180 days or more a year but I do plan to.

I was paying taxes up until and including 2024. For this year I need to pay them here or elsewhere - ideally it would here but doing so in UK might be more sensible. I appreciate the advice about the DTV but not an option I want to pursue because I want to live with my wife here. I prefer not to engage on the other points but appreciate the advice all the same.

I understand you and agree 400k is on the low side for a year's expenditure for living costs but my wife earns around 20k per month to supplement that. I do realise I will need the 400k next time around too. My income comes from digital stocks I am holding and selling when I need to. It isn't worth a great deal and I am trying to make it last as long as possible. I have several other investments but they are not going well and not looking to extract cash from them for the foreseeable future. Moreover, I don't have any employment or regular income from any investment to rely upon.

What counts as much is subjective though - even if it was 40,000 baht I would consider that a lot. I do realise I need the money in the bank for my extension but I have other options to consider. Depending on how much the potential taxes are, it might be better for us to travel outside Thailand and become tax residents elsewhere. Not an ideal solution but very fortunately we are in a position where it would be possible. Basically it all comes down to a financial decision over what my taxes would likely be staying here versus the alternative of us travelling and paying elsewhere.

I've read quite a lot from multiple sources but I have to admit I am still uncertain how it will work out. That is the main reason I am posting now. Not expecting any professional or legal tax advice of course, just hoping to get some opinions from people better informed on the matter than myself. 400k is for the annual extension based on marriage to Thai national, correct.

I can confirm that ideally I plan to be a tax resident in Thailand in 2025 but that depends on how it could effect me. Thanks for your opinion about what you think my liability would be. Ideally I would like to use the 400,000 to assist in buying a house for me and my wife after its stayed long enough in the bank to fulfil the visa requirements. If so, I would still need to be bringing money into Thailand for the daily expenses though, one way or another.

I appreciate the moderation help DrJack54. I would love to just ignore it but if I am taxed on simply bringing money into Thailand rather than based on profits from investment it would be very problematic for me because I am not earning enough to warrant it. It seems to be a bit of a gamble based on limited information and hoping to get some advice about how risky it will be to bring the cash in now.

Thanks for the response Upnotover - the source of the income would be a family loan but I would be repaying it with income from a return on investment. Although I am a UK citizen, I was declaring my tax returns in USA until last year (through owning a single member LLC that has now closed) but this year that will not be the case. I was thinking of registering as a sole proprietor in UK again because I know I have to declare somewhere and although I hoped to register here, it seems completely impractical in my case. With regards to what could happen in 2026, I don't want to simply postpone any issue now to next year. If I transfer the money now, would that probably be the case?

Hey guys, I am prepared to transfer money into Thailand for my marriage visa renewal but I am aware there could be new potential tax issues with bringing that much money into Thailand (400,000 baht). Is that the case or will it be no issue? TIA Eldritch