UKresonant

Once you are over the 183 days but not past 31st Dec, also a great oppertunity to create some silo-ed UK savings pots, unrelated to Thai Tax.

Selling the House. Tax free lump sum upto 25% of a UK pension taken on commencement (<max £268k circa THB 12M) Tax free Individual Saxings Accounts, not tax free in Thailand. So many traps for newbies bringing money with them in the 1st half of the year. 6th July onwards for such newbies. The maybe very recently discovered the Thailand magnificent first impression, and configuring any financial aspects for such very recent. A nightmare waiting to happen to some folks... .especially with the amount of old info still on www. Finds the first incorrect site and it's a personal financial disaster. Unless they retreat out again for some months.

It would seem that way unless you stay under 179 Days. The other way is to place it in an isolated account whilst non TH tax resident, it should be non assessable savings (if non TH Thai tax resident when it was earned / derived) But the thing that is a bit of a bug, is the monthly income method, RD recognising Gross for taxation, but immigration only recognise net remitted, so that would be 81250 gross per month (if live income), plus transfer fees, plus additional Thai tax... It seems to continue down hill since the end of 2017, only with the COV pause.

The son is 16 at the moment, do you know upto which age he could still visit Thailand without possibility of lottery inclusion?

They do not seem to trawl much for unexplained wealth domestically. But as technology and AI develops further, matching up approximate disparity for further scrutiny is going to be so much more effective. The 'no tax' year after year whilst nearly always in Thailand, I would suspect as much of a flag for scrutiny as a substantial SWIFT transfer. All good if you have the paper trail, maybe. Plenty scope to take the sharp edges off, but if you drop the heavy steel plate on your foot, not fun maybe...

Made me speculatively think of how a (UK) survivours pension, paid to a widow in Thailand, say circa 40k THB p/m would be taxed. Would it get any tax breaks, or just added to their highest tax band rate? (I think they could get a NT tax code in the UK, if they were in Thailand.)

I wonder at what level the expensive resources shall be deployed at, what anticipated yield shall be considered worth while. Not under a million surely, more likely at least 2 million remitted I would have thought. unless they want a random example.

That could well be the case, non-resident at point of remittance. But I am stuck at my primary planning rule that anything income or derived (2024 onwards) whilst Thai tax resident is potentially tagged as Thai assessable, whenever it is remitted. Unless DTA and perhaps home tax authority priority etc. or expended outwith being remitted in some other way..... Since I'm not 100% in Thailand, I would tend to think having the CG whilst not resident and creating Savings Pots with paper trail would be more certain. (Provided practical considerations allowed)

If you are Thai Tax resident at the time of The CG, would the Thai Tax not have to be lower than Home country tax, at the point of the event. (Theoretical maybe rather than practical) Other situation could be you are Thai Tax resident, but you are UK tax resident at the time of the CG event, over 183 days in that UK tax year (6th April to 5th April)

It is good that the highlighted that if taking the upto 25% Tax Free in UK, pension commencement lump sum. Do not be Thai Tax Resident the year of that transaction! Could cost millions in Thai tax Back 6 years ago I took mine in March, and did not fly to Thailand until after the UK tax year had concluded on the 5th April, and also ensured less than 180 days in that year... That would be devastating if someone walked into that trap...

So some experience reports may arise July to Sept 2024, for the half year filing ( if anyone does) PND 94, not come accross that one either....

So if you do file a tax return, can you use it as proof of average income for Extension of stay. 480k or 780k. Or if queried, 'why did you not file ?' A. RTP rules that such income is not recognized for my nationality!

It may be strictly enforced should a co-incidental event flag you up somehow, in ongoing years. Bank deposit or transfer if they do a sample for scrutiny, but what's the odds (oops sorry no gambling in TH) Not as if they are going to pursue everyone, they haven't uptill now with their indiganouse folks

Planned to remit only;- Savings from non-resident Income Whilst non-resident Taxed only in UK Gov pension & perhaps sdditionally when TH tax resident;- Taxed at source in UK private pension(s) upto the amount of Thai RC Allowances+150k Zero+ slightly into 5% band. So poll question maybe:- Intermittently tax resident in Thailand, whilst restricting remittance whilst tax resident to low tax bands. Of course life is often only a series of random events, where tax planning cannot aleays be 1st priority

Unless you actually sold and repurchasedyour property prior to 1st Jan 2024 generating a new pricing point, I can't see how the interim valuations would be helpful. When you sell your property, will Thai RD not request your home country tax docs Probably, nearly surely, you should aim to not be Thai tax resident at the point of the property sale that generates the gain.

For the UK born kid we just went to the Embassy and obtained a Thai birth cert as mother is Thai. Then Thai passport. ID card was much later. (after having to give tea money to encourage the local office in Thailand to do their job ) Don't know if she could pass Thai nationality to my Grandson or not.

Name added, to the petition. The increase is way over the top by at least £10k of nasty ness.... The last I read they were saying they were fudging it be phasing it, have they issued a new financial criteria annex PDF somewhere?

If they issue a new / updated return form, fingers crossed it will clarify. If obtaining "tax authority certificate" like a " letter of confirmation" from HMRC whether it would reflect any DTA provision or (more likely) not. If not, how does, for example .Gov pensions remain as 'Taxed only in the UK' It does ask the purpose for requesting, but is that a process tick box or (less likely perhaps ) Is it processed to suit the reason requested. Will have to see if I can find.examples on the/ a tax forum.

It does mention the apportionment method for the relief. (That method circumstantially reinforced for CGT etc maybe). So it would seem that you have to list and provide the tax paid on say all your pensions, and the credit relief will be proportional to the amount remitted. So say perhaps (for simplicity example) UK state pension £10k UK Employer pension £15k UK Civil Service .GOV £ 5k (only taxed in UK re-DTA) Private pension 1 £1285 Private pension 2 £1285 £32570 (UK personal allowance £12570) - THB 1465650 So say 20% tax above p.a. = £4000 Remit say £20k - THB 900k Tax credit 61.4% of £4000=£2546 - THB 110.5 k credit relief available. But there should be no tax on the GOV pension, but it would be needed for the Credit relief Calc? So will the just say the Gov pension is placed at the bottom of the stack where they say your not being taxed, but that would (as mentioned in another post) it pushes everything else up the Thai taxation bands (also UK .Gov pension could well exceed the Thai tax PA and zero bands..) ( Something similar suggesting apportionment was noted in the Norwegian question PDF back about p222 ish with the emphasis on avoiding double relief, in relation to the Personal allowances of each state). It's Sunny here in Scotland currently, but God has still got the External Aircon set about 10C, Still,will go out for a wee while. .

But to draw a line under things it would be useful to have an additional info box to at least list them so someone can't come back with a different view later. If noted and they are curious they can ask at the time of the filing.

Still a bit unsure how to express the Civil Service "only taxed in UK" DTA article 19 pension, on a Thai RD tax return. As it was mentioned that an office said there is only credit relief for tax paid. Which to me would suggest the entire amount and it's associated tax deducted from it, not applied as credit, and should all be excluded before TH RD computation. Because I'm looking as mine being all fully taxed as well above the UK Personal Allowance. ( the other bit of my occupational pension uses the PA up, hopefully the state pension will come along in about 6 years) It seems they may wish to include it and could push the remainder into a higher band. I would nly would wish Civil Service pension listed as an explanation of the remittance, and that it's been through the mill. I don't do returns in the UK, as they said, they can see everything on their screen. Interesting that that option is available, applicable family members just let them fix it all with the Tax coding.

UK is being present at the end of the day. 183 days is the obvious one then it goes down various levels. Tax resident in one or both of the previous two tax years, >90 days and stay in your own property for one day 6th April to 5th April could do it! Thailand is any second , of a day to count. "180 Days or more" in a Calendar Year.

That is good news perhaps, as the majority of my pension incomes are issued in the same way as payroll. Was there any stipulation that it must be 100% of such income types to get the credit? ( or proportion of) Are they quite happy to see one set of payroll with the associated tax deducted in isolation? (Which would be both simple and ideal for me) The UK does not have a specific article for pensions, (except for Government pensions). The TH-UK DTA does have a clause at 23 (3) that says UK source tax will be allowed as a credit against Thai Tax.

That's what I would aim for, never to break a rule, so that I was fined. In the LTR visa thread there was a DTA themed youtube Video Carl Turner was the the main guy along with someone with DTA knowledge. She seemed to think it was better declaring (about 50mins in) as it would draw a line under that Tax year as opposed to potential questions in later tax years. I don't really want interaction with Thai officials as far as is possible. But if it was straight forward, uniform in application, and totally uncorupt, Target is to only remit to Thailand, whilst non resident, non-resident savings, and/ or amounts which would not exceed the 5% tax band at worst, if tax resident. But potentially that requires a filing, and having to pay a couple of hundred quid tax at most, (prior to it being refunded if not accepted immediately as DTA taxed in UK only) (Since first visiting Thailand in 1993 I've never done an extention of stay at an IO. as a theme of avoiding officialdom) How will it in future go, with the file / no file scenarios under discussion I wonder. (Real life events don't always facilitate the careful pre-planning )