LTR Visa is Now available for Long Term Residency

[Thomas4628]

48 minutes ago, stat said:

Did someone manage to get an LTR with the following documents and timeline

 

Nov-Dec  old year: Proof of passive income 80K capital gains from brokerage

 

Jan-Feb next year: Proof of passive income 80K capital gains from brokerage

 

and then applied in March for an LTR?

 

I know they do not really like capital gains but for all I understand they are likely to accept it. There will be no tax return docs in this timeline.

 

Thanks!

 

 

From my limited experience with the documentation requirements so far, they only accept tax returns or other forms of passive income that demonstrate a stable and regular stream (e.g., rental income). You can still give it a try, at least it is free to apply 🙂

[Pib]

1 hour ago, stat said:

Did someone manage to get an LTR with the following documents and timeline

 

Nov-Dec  old year: Proof of passive income 80K capital gains from brokerage

 

Jan-Feb next year: Proof of passive income 80K capital gains from brokerage

 

and then applied in March for an LTR?

 

I know they do not really like capital gains but for all I understand they are likely to accept it. There will be no tax return docs in this timeline.

 

Thanks!

 

 

Probably not going to fly because Nov-Dec of previous year thru Jan-Feb of the following year is only 4 months max of financial data; not the required 12 months of data.   

 

Proof of income doesn't have to cover the calendar year period of Jan-Dec....it can be any 12 month period like say Oct 2023 thru Sep 2024, etc., but you'll need the financial docs to prove it like for those Jan-Sep months since you will not have an income tax return for those 9 months.  This may require you to provide more than 12 months worth of proof like maybe your previous year income tax return "and" part of the current calendar year you are currently in thru the use of bank/brokerage statements, pension statement, etc.   

 

Can keep in mind the "type" of LTR visa you are applying for will determine the "type" of income BOI will accept.   For example when going for a LTR "Pensioner" visa BOI is looking for unearned/passive income; not income from wages/employment.

 

 

[SHA 2 BKK]

3 hours ago, stat said:

Did someone manage to get an LTR with the following documents and timeline

 

Nov-Dec  old year: Proof of passive income 80K capital gains from brokerage

 

Jan-Feb next year: Proof of passive income 80K capital gains from brokerage

 

and then applied in March for an LTR?

 

I know they do not really like capital gains but for all I understand they are likely to accept it. There will be no tax return docs in this timeline.

 

Thanks!

 

 

Not that it was Capital Gain but I was approved with three consecutive Pension Payment Advices (I get paid fortnightly).   As they are non taxable payments I could not provide a tax return from my home country.   I explained this and was accepted.  Hope this helps. 

[stat]

Thanks for the replies!

 

I cannot provide an income tax return as cap gains in General do not turn up on tax statements in Germany as they are handled directly by the bank. In addition the idea is to not pay taxes on cap gains and either being in TH or an other country without cap gains when cap gains arise 😉 

 

But as always this is Thailand.

 

Even when in TH for 2 years before applying one cannot provide the needed docs for LTR in the case of cap gains as those gains are currently not taxable when not transmitted 🙂

Edited Thursday at 05:48 PM by stat