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generealty

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Posts posted by generealty

  1. Many thanks for the detailed information. As a 69 year old Brit, with failing sight, brain and basic facilities, I apologise if my questions have already been covered, but I am still wondering, if I fall foul of any tax laws in Thailand. As you get ancient, the last thing you need is complicated documents each and every year.

    Your post stated:-

    UK State pension on the other hand is not covered by a DTA so it is assessable income in Thailand 

    And:-

    0 – 150,000 Exempt

    150,000 – 300,000 5%

    300,000 – 500,000 10%

    500,000 – 750,000 15%

    750,000 – 1,000,000 20%

    1,000,000 – 2,000,000 25%

    2,000,000 – 4,000,000 30%

    Over 4,000,000 35%

     

    So does that mean a person over 66 years of age in receipt of UK State Pension, can claim for all of the below ?

    a. Personal Allowance for self - 60,000

    b. Personal Allowance for wife - 60,000

    c. Over age 65 years exemption - 190,000

    d. 50% of pension income received, up to 100k - 100,000

    e. In addition, the first 150,000 of assessable income is zero rated and free of tax

                                    a +b +c +d +e = 560,000 Thai Baht

     

    As the UK State Pension = £221.20 a week from the new tax year on 6 April 2024.

    £221.20 x 52 weeks = 506,105 Thai Baht (approx.) Therefore no tax is paid ?

     

    What about bringing in money to purchase car or house, is that going to be taxed at above rates, meaning you will need pay 35% on purchase of a house ? and tax on credit card use ?

  2. 4 hours ago, Bangkok Barry said:

    don't think the $US has much to worry about from three very minor Asian countries. They have little to no influence with the wider world.

    With the Brics trading bloc just adding 6 more countries with KSA, IRAN and UAE all big oil producers, is chipping away at the USD calling for trade between the bloc using their own currencies. With a further 40 countries waiting to join, I think it is the start of a shift away from the dollar. Over 50% worlds population, more gdp than G7 and 27% of oil production. Difficult to ignore. Maybe the USA should stop sanctioning countries and seizing their assets. The world is turning against a weaponised financial system using the Greenback.

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  3. When my wife and I (grandparents) took our grandson to the UK recently, we needed apply for a visa in the childs name which took longer than my wifes. To apply we had to have a letter from the school director agreeing with him being away from lessons. We also needed a letter from Amphur office stating they agreed with him going overseas. These were applied for by both of his parents. Our son and his partner.  We also needed agreement consent letters from both parents seperately. These all had to be translated.

    We also had to do the usual sponsor letter etc

    We did get a visa for him and went to the UK. HOWEVER, take these documents with you as Check-in and Thai immigration at Bangkok wanted see them even though had visa. AND upon arrival in London. Looks like they checking on possible child trafficking.

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  4. We own a condo in Amazon and there is no gas appliances fitted. Cooking hob is electric (the new type where you need use specific pans). So if there is any gas in any of the rooms, then that is free standing and put there by the individual owners/renters. If that is the case, it would be difficult to monitor and control that. They do annual fire system testing and give advance warning of such. There are smoke detectors and alarms in the condos and there is a security link up but have not seen any sprinkler system installed (but I could be wrong).

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