sirineou

37 minutes ago, NoDisplayName said:

 

What if you pay the seller directly via SWIFT or Wise?  They are selling the property, they are realizing capital gains, the money is going into their account, they are paying some form of sales tax.

 

How is this accounted for in terms of remittances if the money never passes through your (or wife's) accounts?

So many questions so few answers. This is exactly my complain. IMO it will be a cluster <deleted> the first year.   I Realy don't want to go anywhere else , I am settled here, our house has been built 10 years now, and paid for, I have it set up just the way I want it, as many of use have, our car is paid form we pretty much have everything we deed. Who wants to start moving to other countries, learning the systems , starting a new household, getting cars and drivers licences. 

we will see.

I think there might be a new industry of accountants for farangs. 

29 minutes ago, Lorry said:

This is written in the RC. Read it.

It has been mentioned,  explained and discussed in the tax thread 113 times. 

Very hard to foLlow the Thread , a lot of good information buried under an avalanche of bickering . But it's good to know, though I think this loophole will be closed otherwise it would make this whole tax endeavour  moot. Why then wouldn't  everyone simply gift the money they transfer to their wife. (assuming of course they are married)  I don't see the  money anyway.   

1 hour ago, LivinLOS said:

You can gift your wife 20 million per year.. tax free... 

Send it to her if she would be buying the land. 

20 million is a lot of money for Thailand (more than half a million USD)  I cant believe that this is true and per year.  Do you have a link to some place where that information is listed. 

I found something "Gift tax rates in Thailand are structured to favor transfers to direct relatives. For gifts to ascendants, descendants, or spouses, the tax-free threshold is 20 million baht per year to a single recipient, with a tax rate of 5% applied to amounts exceeding this threshold.  " 

https://www.expattaxthailand.com/gift-tax-2024/#:~:text=Gift tax rates in Thailand,to amounts exceeding this threshold.

34 minutes ago, sometimewoodworker said:

The confusion is almost certainly yours.

the rules are reasonably clear, you seem to have a situation where you can profit from professional advice. The majority of uncertainty comes from people not knowing how a certain source of funds are categorised. Also not understanding how the DTA of their countries are implemented and how they are different from other DTAs.

 

It is a case where there are several different sets of rules that apply.

 

home countries tax (if any)

home countries DTA

Thailand’s rules on what is income (almost certainly different from your home countries rules)

Thailand’s rules on what is exempt 

Thailand’s rules On how home countries tax paid effects Thai tax due

Thailand’s rules on available allowances

None of the above are rocket science but there are so many that all influence each other that unless you are working with Thai tax and foreign filling you may well make mistakes.

I am very well familiar with the DTA Agreement between the US and Thailand, and I have read the pda agreement, but it is written in legalese and unclear as to what applies or how Thailand will implement that Agreement. 

I have read several Thai brochures and and IMO they are as clear as mud. 

for Instance my understanding of  the DTA. says that Governmental pensions, social security and other pensions are taxed in their country of Origin.   They are called non assessable income. 

Is My Union Pension only taxed in the US? 

I comfortably live on my SSI income , and save my Union pension. Are these savings assessable .

IF your assessable income falls below a certain level I think you dont have to file a tax return. and if my understanding of the DTA is correct  since all of the income I transfer to Thailand is non assessable,and I don't have to file a tax return, how do they know that all of my income is non assessable?

before 2024 I sold several pieces of property in the US and have a substantial amount of income in CDs and Treasuries. How s that handled ? Is the interest of such non assessable investments taxable in Thailand. 

can  I only transfer an amount equal to my SSI income and subsidise this from Savings earned before 2024  for the rest of my life here. 

Or are transfers from savings earned  before 2024 0nly non taxable when transferred to Thailand  for the first Year. or in perpetuity. 

 I will tell you this , aside from my American passport I have a Greek EEU passport.One of the reasons why we moved here instead of Greece it was the same tax complexity and bureaucracy , In my retirement I want easy. Personally I like it much better in Greece, I speak some of the language, most of the people speak english, and then we have the magnificence of the Greek Islands  the mainland I that is understated by mosT people, season, some skiing , the food, but I am not sure how my Thai wife will do there. and If I was to pass away, she will have to come back to Thailand or go to the US, i don't think she will stay there on her own.

  Anyway I will wait to see how this thing works out, for most of us it is probably a tempest in a tea cup. But if they make me jump through too many hurdles I am out of here.   

6 hours ago, sirineou said:

 The quiz is fundamentally unfair  

They said that I got  the longest river in the world question wrong. ,

I said Mississippi  and they said it was the Nile river. 

But I am American and America is the World. so I correctly chose the longest river in the USA! 

I am very mad 

Well technically there are other places in the world,  but the DeNile of of my unswere on a technicality is IMO outrageous. I am seriously considering taking my toys and leaving. 

   PS: did you all notice that I have a lovely pair of coconuts? 

To all those with the confused emojis'.

  Obviously it is a Joke. The "I got a lovely pair of coconuts' should had been a clue, which by the way refers to my avatar. Which is also the trending positive meme about Kamala Harris  referring to her mom telling her when she was young something like "to listen to you one would think you just fell from a coconut tree" 

54 minutes ago, impulse said:

Smoke and mirrors and projections that will never come true.

Might be smoke and mirrors, but it is the same "smoke ad mirrors" they use in other countries also , and of all these countries the US has the strongest economy.  Google it!!

It will all be worth it , even nuclear annihilation if we can have Ukraine in NATO

21 hours ago, connda said:

I'll believe Harris is the DNC Presidential nominee on August 22nd 2024.  Until then?  Put "prospective" in front of any phase describing Harris as the Democrat "nominee"

Prospective Democrat Nominee / Prospective Democrat Candidate

There - fixed it! 


She can scare hyenas with her laugh.

One can take a screen shot of any video and make it look like anything. Is this all you guys got, if so you are all in a lot of trouble, 

Just now, SAFETY FIRST said:

Yes, all politics and religion would be ideal.

But those are not subforums . they are subjects.

Seven months into this, Thousands of replies, and we still don't have a clear understanding  of what all this mean. 

Typical Thailand 

Again!!

1 hour ago, Kinok Farang said:

who for people from lesser nations is a true Brit patriot.

It would be nice if people in the UK thought he was a true Brit patriot, but I guess he'd take what he can get, 

Chicken don is scared!! 🐔

Quote

 My Blood Pressure Numbers are always Normal - I'm Confused .

These things are not mutually exclusive.

Many people have normal  BP numbers and are also confused. 

9 hours ago, MalcolmB said:

You have to make the questions harder.

They were too easy for me.

 The quiz is fundamentally unfair  

They said that I got  the longest river in the world question wrong. ,

I said Mississippi  and they said it was the Nile river. 

But I am American and America is the World. so I correctly chose the longest river in the USA! 

I am very mad 

Well technically there are other places in the world,  but the DeNile of of my unswere on a technicality is IMO outrageous. I am seriously considering taking my toys and leaving. 

   PS: did you all notice that I have a lovely pair of coconuts? 

It is good that you have a time limit otherwise some would google the answers, though why? I don't know

 What's wrong with a drivers licence? It has my picture, and passport number on it .

We Just went to a national park (Tat Fa Waterfalls ) they tried to make me pay farang price, wife said "I lived here , and here is his drivers licence, he would not have one if he did not live here" they said Ok and I paid regular price. 

And now for your musical and dancing pleasure here is Chicken don 

On 7/27/2024 at 1:21 AM, Hanaguma said:

Uh, that was a debate with a different candidate, who is no longer in the running.

Absolutely wrong!

He agreed to debate the Democratic nominee, Biden was not the Democratic nominee yet.

So what happen? what changed . 

I'll tell you what changed , the candidate changed and he is scared to debate Harris , and I don't blame Chickens Don he is right to be scared. She would wipe the floor with him .

1 hour ago, spidermike007 said:

Well the reality is that if the law is not going to take the immediate and necessary execution of these malicious animals into its own hands, then the neighbors certainly have a right to do so. These nasty dogs have revoked their right to live by committing such a heinous act. 

First let me say that, what is advocated  by some is highly illegal in Thailand and I was under the impression that suggestions for illegal activity is against the rules of this forum. 

The law is the second  step, The first step is to talk to the village headman, he would have a visit with the dog owner . We had an issue with a neighbor that hot a couple of roosters , that were crowing all day. And the roosters were gone, I did not ho and poison the roosters. 

But if the head man fails to persuade . the call the cops. If none of these actions are affective, then one might have to take matters in their hands, 

If the dogs are aggressive against people , calling the police might have to be the first step. One can't wait until some kid is killed. 

   But be careful taking the advice of some forum two bit Rambo.  and "taking matters in your own hands" , as I said it's illegal and one might find themselves back in farangland or worst.