ukrules

So easy to avoid as well, I would never have a house built without first purchasing the land on which it is being built. The giant red flag was when the 'developer' refused to transfer the chanote until after the building was completed. I mean that would be acceptable if there were no payments made - but only a moron would pay in advance with zero ownership. I don't know how this is normally done when you pay a developer who currently owns the land in stages for the build and it's their land but if they wouldn't allow me (or the Mrs) to purchase the land and obtain the Chanote prior to starting the build then that's it - I'm walking out and would cancel it. In other words - don't allow yourself to be ripped off - also any lawyer who isn't dim witted would tell you you're being scammed. I wonder if they even used a lawyer and surveyor prior to the agreement

The company name is in my post in the link and the link goes directly to their website. They are a global giant with 40k employees in over 100 countries - : Forvis Mazars Forvis Mazars is a prominent professional services firm in Thailand, ranking in the top 5 position in the market and holding the #1 position specifically in accounting outsourcing services They are pretty much one of the most knowledgeable companies in the world.

Pay no attention to Hinton, he's a raging extreme left wing commie type who believes government should control all the massed compute power. He knows a thing or two about AI though but he's literally off his rocker - puts on a good show.

For me, no - I used to just buy the best top of the range Samsung model every time I needed a new phone then at some point I realised I'm barely using it. The cameras on the lower end phones were at one point better than my older far more expensive phone - which was already good enough - I don't buy a phone until I 'need' one which might be every 4 or 5 years I take the occasional photo, receive SMSs, order food and the occasional taxi via apps and my number one use for the phone - checking the time. So now the cameras are higher quality on the lower end phones I can pick up some Samsung model that costs between 5000-10000 Baht (pocket change) and it's more than good enough for what I need for a few years. So I stopped paying 20 to 30k Baht per phone a few years back. I hate Apple and their closed ecosystem from the dev side of things so I always stuck with Android phones. I have owned Apple iPads at various stages but more recently I swapped back to a Samsung Android tablet as well.

That's literally what I said to the word and is included in your quote. Specifically this point is about someone earning a load of money whilst resident but remitting it in a later year when non resident - they're going to tax that. So lets say you were resident in 2024, made $2 million in profit, remitted nothing as you don't want to pay tax on that. Then in 2025 you go to some other country for 7 months becoming non resident - and during this subsequent non resident year remit prior earnings from 2024 - they're going to want to tax that as it was money made in a year when you were resident. Now - would they know? - Who knows - unlikely unless you're audited but if audited they're going to want to trace that money back to the profit event and when they find you were resident when making it even though you didn't remit it in that year they will realise they have hit a bullseye

I did read something, some kind of clarification by one of the big accountancy firms about this very issue as it is important. If you realise any asset during a resident year then they will tax it on remittance in any future year when it is remitted, regardless of whether you're resident or not during the year of remittance. The important thing is the date when the assets were converted from whatever they are (shares, bonds, etc) into cash. If you were tax resident in that year then you are liable on that money for the rest of your life if it is traced back to that transaction. The clarification / interpretation was by Mazars and here's a link to it : https://www.forvismazars.com/th/en/insights/doing-business-in-thailand/tax/revenue-department-s-guidance-on-foreign-income Back in the original threads on this tax change it was suggested that being non resident in both the year or asset realisation and remittance might be prudent but it does appear that all that really matters is that you were non resident during the year the assets were sold. However, remitting large amounts of money in a year when you are a resident may attract more attention and personally I would avoid it as I suspect it may be an event that triggers an audit depending on the amount, and they likely won't know when the assets were realised until they dig deeper by inspecting past statements from previous years, etc.

There's normally only one reason the cause of death is not reported.

Yep, and there's the issue - the will was long out of date and now he's gone it's going to be quite impossible to prove anything one way or the other. It can be very easy to 'lose' a new will after someone is dead if it's just sitting in a drawer next to the old one..... Had they been married then the kids would possibly have gotten nothing. He should have updated his will especially if the relationship went bad - just to clarify his thoughts after it ended. These guys and the woman could lose all their money on legal fees alone as lets face it - they don't really have much anyway and barristers are not cheap! Fighting over 400k - that sounds like one house to me that they're squabbling over.

Yes, there are ways to avoid paying any tax but that needs planning years in advance and involves investments in third countries where you're also non resident. It can be done - and my plan all along has been to use the previous years income method to remit - until they changed the rules - that was a major upset and what prompted me to hop on a plane to Cambodia for most of last year. Most people will remain unaffected - but if you sell something for quite a lot of money - think $1m and up then you can save very large amounts which would be taxable under this tiny change in the law - especially if whatever you're selling is not taxable at all - like a primary residence you've owned for 40 years. For me as a Brit believe it or not I can keep my money in the US and nobody considers it for tax due to me being non resident there and having zero connections with the country. It's never remitted to the UK - not that it would matter as I'm a non resident there as well and have been for a very long time. So there are advantages to moving around - but you need to be careful where you remit to - for example - Cambodia likes to think they tax your worldwide income but in practice there's no way to even file a personal income tax return in Cambodia as an individual person who doesn't have a job or own some kind of corporation - at the moment. I will seek more advice on this when I return there in a couple of months as the ABA Bank account down there is very easy to open and operate, so far I only used it for local payments such as rent, etc.

Exactly this.

Right, that was it I think, I remember telling him that it didn't seem very permanent and the whole thing seems a little unfair, a simple thing like forgetting a re-entry permit and that's it - back to being a tourist with a 60 day stamp.

PR is useful if you're spending you're working life in Thailand, I know one or two who have it. There are strings attached and it can be lost if you don't continue to fulfill whatever the ongoing requirements are - I think it was mainly continuing to live in the country and renewing it every few years, perhaps every 3 years (from memory) but we're going back a while when I last discussed this with the guy I know who's had one for a long time. Now this guy was married, worked here for decades, had a few kids and still needed to provide DNA tests proving the kids were his before he could get his PR - the entire thing seems very hostile - as in they don't want to issue it and you need to persuade them to do so - I don't know anyone who got this without being really quite wealthy, like ten million US dollars and up wealthy. There are people out there who seem to think they can get a PR by earning slightly above the minimum amount and paying tax for 3 years - in my opinion they will almost all be very disappointed when they're turned down after paying all sorts of fees and completing masses of paperwork. Personally I never worked for a Thai company in any way and don't ever plan to. I've been using those Thailand Elite visas for about 10 years already now and the current membership expires some time in 2040, I'll review the situation as 2040 approaches. I will be nearly 70 at that point, so yes, I'm using Elite well into and beyond the retirement qualification age range as I don't want to deal with any of their hassle. 500k Baht for 15 years extension of my Elite membership - well worth it. They even give you new visas as all visas only last for a maximum of 5 years when you arrive at the airport!

A short period of 'being missing' could be down to having everything robbed. Phone, wallet, cards, cash, passport. All of it. With no id, phone or likely memory of any phone numbers he could be struggling right now to make contact with people. Then he would need to make phone calls, speak to the Embassy and hope they're in the building that week, etc.

Yes it is - the law seems to be applied differently down there. They're making it up as they go aren't they?

They're arresting people attempting to leave the country - my guess is they are informed by airport staff and intercepted before they make it to the immigration booth. If they are arrested at the immigration booth then that would be much worse - I don't believe this is the case though. Just a hunch.

Yes, I have been commenting on this kind of activity for a couple of years now. I believe they wait for people to check in, then they arrest them. This has not been the policy at all elsewhere in the country. This is a local Phuket thing and it's been going on for years now.

OMG, you didn't say please?

That happened to me in Hua Hin a few years back, it was unexpected as they can and do run at different times depending on how often you forget to do it and for how long. I guess the guy doing my extension noticed the time difference and corrected it so they aligned again. At one point they were about a month apart and I simply stopped doing them myself - just sent the Mrs instead - I told her this is a Thai thing - you're Thai - you can sort it out, and she did 🤣

Interesting, so you think nothing will change at all then and what's been going on for many decades will just continue the same?

Not yet, I'm going to wait for an uncensored version and run it in either Ollama or LM Studio

Nonsense, I use it as a webpage which runs in my browser as a webpage - when I load that webpage. I don't use apps. The browser is the app. Also, for me, my phone is for telling me the time and the occasional SMS message.

I sent my remittances at various stages over the year in varying amounts, one that was over $50k USD (I sent $55k) triggered a phone call from the bank asking for the purpose. However I was non resident in 2024 and it was money 'made' / realised in 2024 whilst I was non resident. This will never be taxed under any circumstances, I have the receipts so they can look all they want. I will make enquiries about this 4 million Baht a year threshold thing though. I still have all the money I made in 2024 sitting somewhere in the US earning me interest and that interest sum is quite a lot - more than most people earn in a full time job so for the next few years I will remain non resident until I incorporate at some point as now this is just personal finance.

Interesting, but it would show up in an audit and they say that if you submit money made in a year when you are resident in a later year even if you were non resident then it's taxable - PWC put out a bulletin about this a month or two ago.

Well I remitted more than 3 million last year, a year in which I was non resident. Will be interesting to see if there's any response. It wasn't all at once and my balance didn't go about about 3.6 million I think. I have zero plans on becoming resident again for at least another 4 or 5 years.

You need to be non resident in the year you make the money by selling whatever you sell, perhaps not the year you remit it. That is a contentious issue but it does come down to the source of the funds and if that source of funds is in a year when you were not resident then I would think there are no issues. But who knows, back when Mike Lister was posting on this he kind said he would urge caution and remit during the non resident year or another year when not resident - however I now believe so long as you're non resident in the year the money is made then you should be good to remit any time later. Also - if you are resident in the year you sell your million pound house in the UK on which zero tax is levied and remit it in a later year, even during a non resident year - then you will be charged tax on this. I looked quite deeply into this and it certainly seems to be a trap which I think many people will fall into.