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how about a tax avoiidance topic


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5 hours ago, Guavaman said:

You book a holiday with a foreign travel agent to sail from Southampton to New York which you pay for with your foreign income.

That's a bit rich.

So, r/t tickets to and from home country should be bought in Thailand. If bought in home country,  they might be taxable. 

 

The rest is more or less obvious (the one with the grandchildren... for how many generations will Her Majesty follow me?)

 

Unfortunately,  the Thai ruling class is quite familiar with the UK.

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Lorry, if you liked that one -- try this example from the manual:

 

Family are termed "relevant persons", to whom one may not bestow a gift -- conflict of interest.

 

Example 2

In June 2010 Sam, a remittance basis user, uses £8,000 of her relevant foreign income to make an overseas purchase of an antique clock from a dealer in Denmark. Sam immediately makes a gift of an antique clock to Chris and Jo, who at that time are living in Denmark. The clock is kept at Chris’s family home in Copenhagen.

 

Chris, not being a relevant person, is a gift recipient.

 

Two years later Jo and Chris split up, and in July 2014, Sam and Chris marry. Chris ceases to be a gift recipient at this time.

 

In October 2014 Chris brings the antique clock to the UK to the house that is shared with Sam. As Chris is no longer a gift recipient Condition C is not relevant.

 

However as Chris is now a relevant person there is a taxable remittance chargeable on Sam when Chris imports the clock, under Conditions A and B. This is because property (the clock), has been brought to the UK by a relevant person (Chris), and that property derives from Sam’s foreign income or gains (the £8,000 relevant foreign income), and the property is property of a relevant person (Chris).

 

Beware of gifts of clocks that might morph into taxable income!

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2 hours ago, Guavaman said:

Beware of advice without documented sources. 

 

9 hours ago, KhunLA said:

Best to read your countries tax treaty w/TH.  Along with next year, being 2 full months away, so you could bring over quite a bit now if wanting.

 

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