jojothai

Yes, However if you buy one and are living in it until you sell it then that does not become a concern. If you buy more and have two or more condos then its truly a consideration, and as you have pointed out it will affect your situation.

Gifting money to the wife (if married) is also an option, but from discussions online and what I have read I am still not sure if it is tax exempt. I have to do more research

Yes, this is a problem for those expats with monthly income being used for the visa. In theory the monthly income remitted should already be subject to tax assessment depending on the DTA's applicable, but I do not see evidence to show that this is being pursued yet. The other rule is that you have the 800,000 in the bank. For those who already have a large amount invested here in Thailand, then it may not be such a problem because the money is already here. For instance, If you have a condo worth a lot, you could sell and then rent a place. Then you could have money in the bank that will provide the 800,000 per annum. Thinking outside the box, If you have good savings outside and plan to live long term resident here, maybe its not a bad idea to buy a condo and transfer money in for that purpose, if its from savings and not income. If its been transmitted for a property purchase, I do not see how they can class it as income. Then later you sell to use for living in rented accommodation here. However, this is unlikely to be the case for many retirees living on their pension income. Unfortunately, they may be the hardest hit by this change if implemented.

Thailand has started implementing thecommon reporting standard. You are required to give your TIN. I have had to give it on two accounts here. It may be a few years until they agree exchanges of information on accounts with other countries worldwide, but its the next step.

So what? Read some of them, and you will see that pensions are not covered for many countries. Especially uk, that only covers government service pensions. For pensions, under some DTA'S tax is liable in the country resident.

Will they be showing potential placing for this on Airbnb soon, If its more than 30 days. And prices may not be as high as outside? But presumably its only available for those already incarcerated. 🤪

Sheryl has made a good point to consider. However you have not said why you are taking ramapril in the first place. What incident resulted in that? If you had hypertension problems or had a cardiac problem then it is important to consider that. If so, then look at what banana 7 says. I had a serious incident 24 years ago. Fortunately spared from a heart attack. I followed all medical advice at the time and about 3 years later was still getting bad hypertension problems. Then i cut the carbs, my life was changed, and no repetitive hypertension. I took regular readings every day when itwas a problem. I know if my blood pressure gets elevated without doing any readings. It does happen some times, mainly due to stress. To add to some of the other comments, when i go to the hospital, its easiest to get a motorcyle taxi the last part of the journey. I always have to tell the nurses to ignore any BP reading they require immediately because it will be too high, and i ask that it is taken at least 15 minutes later.

Good, all correct as far as I am aware. But please note that the UK DTA does not cover state or private pensions as mentioned earlier. I have not yet seen any posts confirming that they have been nailed for Thai tax on this issue. So far so good. There is a burning question that I have not seen discussed when people refer to the UK DTA, and think they do not have a tax liability in Thailand because the UK tax can be offset. Perhaps you may have seen some discussion and/ or conclusion. As follows, simple but could be a headache for those people if the Thai tax authorities do pursue tax required. In the UK, the personal allowance is set at £12,570. If your pension is below this, then you do not need to make a UK tax return and have no UK tax to pay. As is the case with a standard state pension, and there are people in that category. GBP 12570 = approx 563,000 THB. So, if resident in Thailand for 563,000 THB, there would be tax to pay on this amount. But there was no UK tax due and you have paid no tax in UK. So if you have paid no tax in UK then you have no tax to offset against Thai tax. Surely then the Thai authorities can still pursue a tax liability in Thailand?

I forgot to mention however that the article 18 in many countries states specifically that e.g. Pensions paid to A RESIDENT of one of the Contracting states shall be taxable only in that state. or pension paid to A RESIDENT of a Contracting Party in consideration of past employment shall be taxable only in that Contracting Party. The first version is the worst. The second could be argued that the past employment was not in Thailand. These both could be interpreted that if a person is RESIDENT in Thailand and not in their home country where the pensions are paid then the pension can be taxable in Thailand. At present it would apply only if the pension is transferred or remitted into Thailand (as the rules currently stand). If they change the rules to world wide income taxation (not just based on remittal) then this has serious implications for potentially all foreigners that get pensions paid overseas but are resident in Thailand. That is a bigger concern and why some people are looking at what other countries they could move to.

I did not want to discuss this further, but i consider that there is no misunderstanding. Most UK related arguments simply do not recognise that DTA's need to specifically state where there are provisions for pensions. The advice that I have seen on many legal advice websites states something like this for pensions = If there are no special rules in the DTA to say that it is not taxable, then it is potentially taxable in Thailand. But only if the pension is transferred or remitted into Thailand (as the rules currently stand). I have seen websites that specifically state that State and private pensions in the UK are taxable in Thailand (but you can use tax already paid as a credit). There are no special rules for pensions in general in the UK DTA, except for those from government service. This is why there is the advice that pension income is potentially taxable here Why would there need to be special rules exempting government service as stated in article 19, if all pensions are exempt from DT? What most people do not understand is that DTA’s mostly have a standard format that is the same. People disagreeing on UK need to go and look at them. Other country DTA’s have specific provision for pensions, but the UK does not. e.g. Canada article 18 , Australia article 18. The UK does not have this in article 18. Be warned.

You are mistaken. The specifics only pension covered is for government service. The matter has been discussed in many threads on this forum and the main conclusion is always the same. There is no need to discuss it further thanks.

I think you get no answer because you are combining 2 things into 1 that does not necessarily work. It depends what is paid into the UK. State pension is a UK payment and is normally below the single allowance. (at present!) A private pension can be totally different if not paid in the UK. If private pension is paid into the UK and you get state pension then you will be taxed on it. If you are non resident and the private pension has been transferred overseas to an authorised QROPS or equivalent then payments may be offshore and it is not UK income. As I understand it is currently and until the new labour govt want to screw us more. You may think the P85 and non-residence makes no difference, but it depends if you have moved the private pension outside the Uk within the allowed trustees , etc. The P85 may establish residence outside UK where you need it. Its not necessary if HMRC has already confirmed that you are non-resident, I think you may personally have both pensions paid in the UK and your conclusion is therefore partly correct, except that there is no DTA agreement for you to offset UK tax against the Thai tax return unless the pension is government service. Therefore you need to think again. There have been many discussions and clarifications on this matter in this forum. I consider that the UK DTA does not cover pensions except for government service pensions. There have been many posts on this matter, gets lots of misinterpretation but when referring to the actual wording it is very clear and the same conclusion.

The article posted by watawattana shows singh light at 97 and singh light became "My beer". I believe my beer is around 100. Close enough to 105.

Grateful if anybody can give me recommendation for a competent local builder in Hua Hin area. Its not a big job. Some excavation and concrete slab works that could take about 3 weeks.

Just to clarify this. A neutral to the light switch is not normally required. Neutral is required to the light. Smart switches may be different, but check the installation instructions. Some may, some may not. You will get to know from the instructions for the product.

Under the CRS there is no exchamge of information until the countries make an agreement. The agreements in place can be checked on the website. I find it strange that many articles state that thailand now implements the CRS, when the banks and other financial institutions that i use here have not requested the relevant information. Its the first thing required. TIT, its anybody's guess as to what is being imlemented or not. Just like the unknown on the taxation now. Do we think all the thais have a tax reference to give to the bank?

I tried the new link and it is working. My VPN using uk sever is also ok.

You will be starting retirement from scratch so you will either have to prove that 800,000 came from overseas, or you can provide the tax return from last year ( or i would think also possibly the year before) to prove money earned over 800,000 a year to the bank. I am in a similar situation and went to chaeng wattana to ask them about the 800,000. They said the last earnings tax return will do it. You could use an agent to help. I do not know any.

Yes, and if OP can get to the airport link easy then use the airport link to the airport to get that bus. That's what I do. Got fed up with the rackety minibuses and the hair em scare em vans.

Two blank pages should be ok for a visa. I just renewed my non-o one year visa here in bangkok with two blank pages. (I am getting a new passport next) However as pointed out, one page is not completely blank. You may get denied entry to Thailand if you get the visa and have no blank pages in the passport. I understand that there is required to be two blank pages in the passport on entry. This is a rule in many countries.

If they check them, as may be likely over 1500 baht, and they are restricted in thailand then they will not be ok. Check if they are restrivcted drugs in thailand first.

As far as I am aware there is no plan to use Chinese labor., especially for the infrastructure works. The current first stage infrastructure works are being done by Thai companies with Thai workers. Only the rail systems are done by the Chinese for the first stage. Logically, the Chinese would be expected to do the Rail systems on the second phase. But I think that some of the work, such as trackwork, should be done by Thai workers once the first stage has been built and SRT know precisely what needs to be done.

The usa is not participating in the CRS. US citizens may not technically be a part of CRS, but because they must report all of their foreign assets to the IRS, they cannot technically avoid it. However, if there is no exchange of data to thailand under the CRS, then thailand will not know the other income outside. Surely Only the IRS will know.

So sure eh? Thats not what i see on the first HSR project. So my first hand experience has no relevance. Its just your opinion.

Not much logic in the comment. What marching orders from Beijing? and FYI the new dates for completion of the first high speed line are now more realistic than most people think. It was not long ago that SRT were saying publicly that it would open in 2026, which was not possible. The Thais are progressing it despite the problems caused by the Chinese lockdown that delayed design of the Rail system. The Chinese could not progress much for nearly two years because of their strict covid lockdown and travel rules. That is something nobody could have planned for. There are delays on the Thai side as well, so its not justified to blame any one party. Most of the reasons for delay after the MOU for about 4 years, were that the Chinese wanted to finance the Project and to build it all themselves. And the Thais could not accept that. It took a long time to get the agreement that the Project is Thai funded ( no potential debt trap), and that Thailand would build the infrastructure themselves without having to give thousands of jobs in Thailand to Chinese or subordinates.