dinga

URGENT UPDATE Rest Easy - seems there is ZERO Tax Risk. In a Webinar this afternoon, a very active Tax Advisor very clearly stated that, for individuals (Not Traders/Business operators), any Capital Gains on gold bullion sales are NOT assessible for Income Tax. Additionally, in the case of inheritance, the Estate would have no tax liability and that recipients would only be subject to Tax if the Tax-Free inheritance threshold was exceeded eg. 100 million baht per recipient. Very happy now about where this matter has finished - just disappointed about the confusion in reaching this conclusion.

Thanks Crossie I managed to find the Manual which advises if the Polarity "is not correct, the pump will spin in the opposite direction as it should. Water will still pump out but not to the rated capacity. ........ To obtain the correct polarity, connect the BROWN wire to the +ve side". Very useful given there is no Brown wire (only Light Blue and Grey". I'll get the Boss to call the repairers (bet they can't help much either....) BRs

G'day I just had a solar fountain pump repaired and it's been returned without its original MC4 connectors - just Light Blue and Gray electric cable wires. Appreciate which of these wires is +ve????? (it's made in China...) Tks!

True - he'd still be talking under 6 feet of concrete

He was challenged on this point during (I think the last) webinar and said he would re-confirm the TRD accepted those methods and would put the confirmation on his website. Has that happened???????

EDIT UPDATE: Informal advice just received from a close contact is that the TRD officer had never heard of anyone paying Income Tax on Gold CGs. The officer said people just sell their gold and put the money in their pockets - and that's what I should do!!! The Purchase/Sales Receipts from the Gold Shops have to do with the Gold Traders Association - nothing to do with TRD. Sounds like folks need to make decisions based on their risk tolerances

Thanks Node - that confirms my suspicion that Income Tax on Gold CGs is a reality

Was a Receipt issued by the shop - with your full identifying details (ie. Full name; address; Passport Number)???

For other than the most mentally less-blessed amongst us who can't grasp the simplicity of the gold CGT/Income Tax issue: * Based on my experience with Gold Purchase Receipts, I assume any receipts for my Gold Sales would bear my identification details also. * If this is so (appreciate real-life experience from folks who have sold Gold) , there is ZERO need to enter the Twilight Zone with fantasies akin to the use of satellite & foot surveilance; foreign intelligence services; (bar)stool pigeons; confessions by the deranged etcetcetc * If identification details are already available on the Sales Receipts, there is an incentive for the TRD to identify individuals making at least significant Gold Sales, and target them for compliance audit. * Whether or not that happens now is frankly far less relevant since the risk generated by CG from Selling Gold remains

Drongo troll - crawl back under your rock

What deluded comments. Don't waste our time if your ignorance has nothing to offer. First - the Principal. Seems clear that where there is a monetary gain realized from the resale of 96.5% gold bars bought & sold in Thailand, Income Tax is due on the Capital Gain. My interest relates to the Practice. Based on some purchase receipts which in all cases show the personal details of a buyer, I'm assuming any sales receipts will show the same details. In reality, does the TRD currently monitor sales of gold bars to ensure that Income Tax - where payable - is actually collected on the Capital Gain????

Hhhhhhmmmm - back to the drawing board [just looked at some purchase receipts and all have full personal identifying details]. Dunno if sale receipts will show similar but suspect they will (at least from this shop). Any others (a) in my boat; or (b) Dante99's ???

Simple - my Thai wife opened a CBA Account earlier this year. We both are non-residents of Oz - but you need a good reason for wanting the account and it probably helped that I've had CBA accounts for decades

not a coffee machine from China? (had a similar experience)

Every breathing person is his superior (man's as dumb/stupid as a rock - as Tillerson said "a <deleted> moron"