UKresonant

May I comment... If your not currently Thai Tax resident, timing is everything, keep under the 179 days, for the initial year calendar year. If you have your Thai bank account you could start the 40k / month before arrival? You can have the 90 day extended by 60 days, giving you about time for 4 months transfers. (Wife could pop some money in the account, used to be only retirement extn that need funds from abroad..not sure.) 12 x 40k need for nationals of embassies that DO NOT provide income letters, e.g.. Australia, UK, USA..(maybe others)...they fell out and went in the huff back about 2017 ish, IO wanted those to legally certify income, they said 'cannot' thankfully they did not continue to put many other nationalities under that ultimatum. The 40k/ month was introduced. [So being a UK person I need 50k / month gross + transfer charges to prove 40k month. , but income method is the way I would want to do it, if ever in that situation ]

The in C are not taxable but if interest arising 1st 2024 is comingled a smal.bit may be taxable. If the interest from those savings were mandated to be paid to a different account should be pure non taxable. ( Provided you don't add to them after 1st Jan 2024 or add only in years when you are not Thai Tax resident.....

If you apply for a non-O single entry e-visa based on retirement from London you will have 90days from date of grant to enter Thailand and then 90 days from date of entry, to do the extension of stay. Easiest option, you can pick your moment, perhaps sending some funds just before you fly out?

If funds are from pre-taxed overseas assessable income, what are you stating on the form? Gross or Net remitted?

In country spending I think is quite clear, however booking and paying flights with a CC outwith Thailand, I would struggle with the concept of tax reach extending past the airport door, (At an extreme what proportion of an international flight would be in Thai Airspace).

Recently had my pension indexations, and one of my 'not taxed in Thailand' pensions gives me 205 THB (after tax) a day now to remit!

So that would work perhaps if you spend on the CC in Dec whilst resident in TH, but did not pay the bill using overseas funds until Jan in the next year, which will be a non resident year. I suppose the credit card bill could be paid from pre2024 savings, or not taxed in Thailand funds/income, would be fine..

But I don't think SWIFT, or Wise or Rev, WU, feature in the RD's rules, why would CCs? It is just another way of transmitting the funds.

A snow bird pattern of 179 days within Oct, Nov, Dec _Jan, Feb, March, could be effective. only book your Oct-Dec, once you know how many days you consumed Jan-March. Can't exceed then probably. (Northern hemisphere idea). One of family does 3 x 59 days but with one segment in December that can take minor adjustments for 179 days in calendar year. (Reminds me, still to do a tracking speadsheet for that).

Yes that sounds more like it. Original remains classified as inheritance, and predetermined items transferred. Taxable arising / income from whatever reference point then created. Have to watch for zero starting value for gains on stocks?

Yea

If you bring it in Dec, and change it in Jan, no way to prove you brought it in Dec? Declared at Airport if large amount?

Did anyone get a steer on the inheritance question someone posted a few pages ago. Their Lawyer was saying inheritance was 100m THB or less no tax if brought in and remitted same tax year, but may be taxed if remitted in latertax years. Surely it would not be taxed, it would be savings? It's not income, how would it change Categories (according to the lawyers thoughts. ?

Dad has been doing <180 days for a couple of decades now! (Excepting a couple of flight shedule changes maybe, but all from savings anyway, and UK resident under DTA article 4)

I may have picked it up wrong, but the credit card issuing company, bank or not, won't report, but the bank account you pay the credit card with will be CRS applicable....perhaps.

That's about it for the O & OA Visas, it is a visa given because you are retired, and they permit a slightly longer stay., and have some money to spend. Renewal every year is by custom and practice, If anyone asks in the UK, is it a good place to retire, I respond, NO, it is however a wonderful place to spend a lot of your retired time. Now the the.response.is to spend a good amount of you retired time not exceeding 179 Days unless you very careful. I think the divergence of visa title compared with custom and practice, was pre-2017 ish. But if you don't have a Thai ID card, always have the capability to become mobile, should adverse custom and practice arise.

Did the lawyer elaborate on what they would anticipate it would be taxed as, if not brought in same year. I could anticipate any interest, Divs or the like being taxed, which were derived from the inheritance principle. But seems a bit curious about the principle inherited. Not knowledgeable enough to confirm anything unfortunately.

Did a quick breakdown of my 3 most significant portfolios, machine said (oh, almost no trackers in that lot);-

The 70MA/ 30intEq were the disposal funds for the switch to equal the linker fund buy... Will have to tally up my overall allocation after a few changes...

It's a standard life pension fund S4, so will be ABRDN Essentially.

No technical advice, but I've just switched about 7K back into UK indexed linked bonds (fund) within a SIPP drawdown from 70% MA / 30% international equity. Had some periods of great performance from linkers in the past. (Decade ago perhaps) Fund is about minus 32% over 3 years, they seem to be close to a floor. Either side of a flatline for many months. MA fund was doing very little, not even poor. Slight interest rate reductions, and Geo situation may at least prevoke some performance. Number on the slot machine at 1, higher or lower?

Great fund but they discontinued my trickle charge level monthly savings within a SIPP after about 5 months, they wanted to cap the fund size or something, just going to leave it as high performance small change rattling about in that SIPP

I was under the impression that you needed the total Gross and the total tax deducted, which would then you would proportion pro-rata for the tax credit relief, per pound remitted, if not 100%. "to avoid double relief' vie Personal allowances. The preferred 'home contry tax.authority cert would show it all anyway perhaps. But then there would be the complication that part of that is non.taxable in Thailand So it certainly it should not all go on.the filing to Thai RD but that which does, should havr 'x' p in the pound, credit relief available. Where is That new filing form that had been suggested was to be issued by THRD. It would give some clues to what is.possible to be expressed.

I wonder how TH RD would cope with a UK purchased annuity, as depending on age say 70% is a return of capital, and only the 30% is assessable. Perhaps a way of defining the principle before becoming TH Tax resident. So of 65000THB per month 40.5k savings and say 19.5k of pre-determined savings interest. ( under allowance + 150k almost ) Just a though....don't know an actual proportion and not the most efficient, but simple maybe.

The upstairs economy is good, 2019 I think I last was in that area. disembarked, just back downstairs and through economy. These some of these seats upstairs were priced at about £70/3000 baht on someones recent booking. Not a problem if you have the Gold Tier PC. Yes Immigration queue could be large anyway if there is another 380 or a few 777's arriving 10-20 mins ahead of your flight. Used the front cabin, but no specific seat. It did feel that the Qatar front cabin was slightly more crowded in comparison with the Emirates front lower cabin, but my comparison is well dated now. Center of forward cabin outboard aisle seats do me fine on Qatar. Been a Qatar Loyalist since they started flying out of EDI, but apparently Emirates are coming back later in the year from EDI. My Silver card just lapsed 🤨 Flip a coin 😀