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ukrules

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Everything posted by ukrules

  1. I hope Starmer is summoned to DC for a 'knee bending' ceremony 🤣
  2. What does the insurance company say on this matter? He will have insurance on his car, I'm pretty sure of that or he would have paid up. If in an accident phone the insurance company immediately and they will handle it - never negotiate with anyone directly.
  3. Yes, what you saw here is a rare glimpse of what they really think - they let the mask fall, only momentarily but this is the truth all the same. They hate us.
  4. Or just send someone else to do it, you don't need to do them in person - only extensions require your presence if you do it alone and without an agent.
  5. That doesn't matter, it keeps them on the road where the accident happens instead of risking causing an additional incident on the road below. People die every die on the road, it's about minimising secondary issues - luckily they didn't fall into the windscreen of an oncoming vehicle in heavy traffic. That would have ended in a much worse outcome.
  6. How about a fence of some kind, wouldn't even need to be that high.
  7. I started paying last year sometime when they increased the ads, total waste of my time, especially when I'm just listening to some music or something where there's multiple videos. I do wonder though, does the content producer get paid only on ad views or the number of plays? Because if it's purely on ad views then they're directly competing against their own creators which seems counterintuitive.
  8. It's simple really, you sell the house during a year of non residency in Thailand, then there is never any liability in Thailand when the resulting funds are remitted. If however you make the mistake of residing in Thailand in the year you sell the house in Australia then yes, they will want to tax you on the capital gains even if it's zero rated back home - so keep to less than 180 days during and years of 'big profit' and you're good.
  9. My next car will be a normal one
  10. No, so when you sell something (anything) like shares, bonds, gold, Bitcoin, houses, etc - it's said that you 'realise' the profit / capital gain when you sell them assuming there's a gain.
  11. Yes, you can make and transfer as much as you want during a non resident year but the money must also be also be 'realised' during a non resident year - often going to be the same year but perhaps not always. This is the approach I'm taking but I'm going the extra mile and will be non resident for a few years going forward as I don't like their approach and will wait for the dust to truly settle on this whole thing before making additional decisions. Now this next bit is just a hunch but you may open yourself up to potential audits if you send very large amounts of money in a non resident year and of course during an audit they can look back many years and I know a lot of us were likely remitting mingled funds over the last 10 years. Of course if you remain non resident then you won't be needing a TIN assuming those you bank with will work without one.
  12. How does that work? Do they have long range and permanent electricity requirements? Would you need to charge the 'tag' every day or week or hard wire it into the vehicle and put a sim into it?
  13. Even if you were looking for work and actively doing job interviews every time you came - there's nothing wrong with that as it would lead to the proper visa and work permit. You got an <deleted> of an immigration officer who doesn't believe that anyone works legitimately in Thailand even though it doesn't apply to you and is most definitely not the case.
  14. It is interesting and they could link visa extensions to this if there was some massive inter departmental communications. I doubt it will happen but who knows. For myself I extended my Thailand Elite membership to the full 20 year package last year sometime and as such if I travel once per year I never have to do an extension at all, I just continue to get 1 year entries each time I arrive. I will be in Thailand for a few days this month and I'll get a 1 year entry stamp even though I'm exiting a couple of days later, just a little business to take care of which will see me through until the end of the year.
  15. Exactly, and the truth of the matter is that there is no way for them to evaluate whom among us has a couple of million USD in investments and who has almost nothing to their name. Perhaps that will change with CRS which provides end of year balances to bank accounts, does it apply to brokerage accounts? Who knows!
  16. Not if he comes from the UK and doesn't meet the 'Statutory Residence Test' - no chance of that. If he's from a handful of other countries then yes, absolutely they could tax him, but he's not and was clearly well informed as that's how the UK system works, it's the only real advantage you have....while it lasts. Some people still seem to believe that being tax resident is 'optional' in the UK - it's not. Non residence under this SRT is automatic and has been for over 10 years now.
  17. Yes, in this case the 'Statutory Residence Test' applies - if you don't qualify for tax residency in the UK which can be advantageous in certain circumstances to some people I guess then there is no 'automatic residency' based on where you live outside the UK and you can't even simply choose to be resident in your country of citizenship (UK in this case) even if you want to because unless you go to the UK and put in the number of days required they won't accept you and that process is automatic. I won't be surprised if this changes but it's been like this for quite some time now. There are many rules but 15 days or less in the UK per year on average over the previous 3 years is the threshold at which you get 'booted out' of the system whether you want it or not - you're out.
  18. That is 100% correct for UK citizens of which I am one.
  19. It's not about a 'bit of money' - it's about a lot of money and disposing of assets / realising capital gains during a non resident year. Once those capital gains are 'locked in' during a non resident year they can be remitted any time later, regardless of whether you're resident or not during the year of remittance and because you were not a resident in the year of the gain they remain non taxable forever. The opposite is also true - if you sell something of great value while you're a tax resident of Thailand then you're on the hook for life if you ever remit it. Also it's quite decent down here in Cambodia, far more modern than it was 10 to 15 years or so ago when I first visited.
  20. 183 days is the cutoff in Cambodia, then there's the fact that there is no personal income tax filing system in Cambodia at the moment. They plan to introduce it but they're not there yet. It was delayed until the end of this year with no new announcements yet. Then there's holidays to other countries to consider, a simple 5 to 10 day trip to Vietnam or some other nearby country any time during the year would leave you below the number of days threshold everywhere for the year in question. It's not hard.
  21. I've also seen these in a few other places over the years, can't remember where exactly but there was no Tops in Hua Hin until recently and I definitely bought some - Villa I think.
  22. You've got that right, it is very easy to do. I did it. Booked a flight to Phnom Penh, checked into a hotel for a while and found an apartment very quickly. Visa agent sorted a 1 year visa for about $500, returned to Thailand to collect everything I didn't bring with me on the first recon trip and then came back to Cambodia for the half a year. Simple, total cost is like $15k max per year - for me - of course you could double or triple that very easily depending on where you decide to live or perhaps even purchase a place to live. Each to their own. If you stand to save even fifty to a hundred thousand dollars a year then it can make sense to do this.
  23. Doesn't matter, my point is - this 99 year lease which has been touted as a change to the regular 30 year leases doesn't appear to be for normal leases - it appears to only be for leases directly from the state to big business when leasing out government land. Personally a 30 year lease is plenty for me as I'm in my 50's and I would likely purchase additional years in the coming 10 to 20 years anyway. But you're not buying a holiday home with a 99 year lease issued directly from the government on government land - that's nonsense.
  24. When this happens to me I never do it, in fact I won't bother even if it goes beyond the 7 days 'limit'
  25. Just make sure you're non resident in a year when you sell them and you're good to remit any time in the future. Easier said than done but moving somewhere else for a mere 6 months in a given year to avoid a tax bill potentially in the millions of dollars is a no brainer, especially if you're paying no tax or far less tax in some other country.
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