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Everything posted by sometimewoodworker
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Have you checked the voltage while switching on a load? It is perfectly possible that your supply is poor enough that just switching on a load will drop the voltage enough to trigger the UPS beeping. FWIW our voltage drops about 20v when switching and using some loads.
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Tax deduction
sometimewoodworker replied to Bbbjack's topic in Jobs, Economy, Banking, Business, Investments
It is hardly misleading since the one class of income excluded is The overwhelming majority of income gives the 100,000 allowance or greater. Also with an income of 500,000 as suggested that class of income is unlikely to be a factor. however it is virtually always better to consult an advisor if you don’t know the totality of the rules as they are far from simple and not every booklet contains every possible allowance -
Tax deduction
sometimewoodworker replied to Bbbjack's topic in Jobs, Economy, Banking, Business, Investments
allowances 100,000 expenses 60,000 self 60,000 spouse 30,000 child 30,000 1 in-law (+30,000 if both in-laws) 50,000 shopping taxable income 170,000 150,000 zero rate tax due 1,000 (if only 1 in-law, zero if 2 in-laws) There is no cooking involved, no receipts are required -
Tax Return 2025
sometimewoodworker replied to John Phuket's topic in Jobs, Economy, Banking, Business, Investments
You will need to do it at a bank branch, to be safe it will need to be accounts at the same bank and branch. Immigration is unlikely to create problems if the opening of a fixed deposit account and deposit of the 800k is done on the same day as the withdrawal of the 800k from the savings account. There was one individual who did manage to change banks but AFIR it took quite some perseverance to convince immigration not to cancel his extension. -
I totally disagree. There are many people who don’t understand the regulations however there has been only a tiny change in the interpretation of the rules. The problem this has caused is that a few hundred thousand people, many quite articulate, now have to have a crash course in understanding tax regulations. Of the thousands those with considerable income have probably taken advice and actions (I started in October 2023). There are many, probably the majority, who have difficulties in rapidly learning new skills or trying to understand them. So is the situation dynamic? In my opinion not at all. The last official act was in November, I think, and it declared all pre 2024 income and savings exempt
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The totality of your questions are to complex to answer without much more detail and knowledge however as your foreign income is exempt if you don’t work in Thailand you have no tax to pay. If you have had withholding tax taken you can claim all of it back (I got a 300baht refund a few years ago) But unless you have had tens of thousands deducted the time and trouble taken will cost more than you will get back. That is why I only ever claimed once.
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Nothing to do with own goals if your total income is over £12,570 you will be taxed, the state pension is taxable. Of course no politician is going to point out that fact. For income (pensions are income) it is the total that is taxed. The first part of that total will be under the personal threshold and the standard pension is under the threshold.
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The U.K. pensions are all usually taxable. This is the U.K. term. They maybe ONLY taxable in the U.K. for example a pension for government service. For other pensions they maybe both taxable in the U.K. and assessable in Thailand. The DWP isn’t concerned with taxation, that is the responsibility of HMRC. Some pensions are not taxable in the U.K. because the recipient is not receiving the pension in the U.K.. However that doesn’t affect the assessabelity in Thailand. However just because the pension is both taxable (U.K.) and assessable (Thailand) does not mean that any tax is due, it maybe under the limits.
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travelers checks
sometimewoodworker replied to BananaBandit's topic in Jobs, Economy, Banking, Business, Investments
I used to use the ¥50,000 ones as they gave the best exchange rate and cost nothing to redeem in Japan if I didn’t use them all, though this was 20 to 30 years ago. -
Please actually read the actual UK/THAILAND DOUBLE TAXATION CONVENTION SIGNED 18 FEBRUARY 1981 and base your assumptions and presumptions on the actual convention, the digest is not authoritative the DTC is do try to stop talking out of an orifice designed for solid waste elimination Article 2 specifies the U.K. and Thai taxes covered Article 19 specifies the exclusion of pensions for government services from Thai assessment Article 23 specifies the Elimination of Double Taxation The table includes the main sources of UK income for which relief from UK Income Tax may be available. you are reading a document designed for use in the U.K. specifically related to U.K. taxation. It is not related to tax relief in Thailand Do please find anything that specifically states that tax paid in the U.K. is not allowed to be offset against Thai tax due. Certainly U.K. tax paid on government service pensions are excluded (article 19) Do try to understand that the subject is tax payable in Thailand not in the U.K. and relief from double taxation in Thailand from tax paid in the U.K. I Can Explain It To You But I Cant Understand It For You
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If you have had tax deducted AFIK you can claim it back irrespective of your tax resident status. It is certainly possible that some busy (or lazy) offices may push back and refuse to issue a TIN but if you have all the required documents and a Thai speaker with you you stand a reasonable chance of being able to persuade the official to do their job.
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Pensions in the U.K. are classed and taxed as income. (I suspect they are similarly taxed in AU) Since income tax is one of the classes which are protected from double taxation in article 2 in both agreements Q.E.D. ALL U.K. pensions are protected from double taxation with the exception under. Article 19 exempts pensions for government services from being assessed (unless paid to a Thai national in Thailand ) So @OJAS your fellow Brits are clearly correct in knowing that their pensions are protected from double taxation. So the is on you isn’t it?