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New tax?

Gandtee
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Gandtee Platinum Member

Gandtee

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Will money sent from abroad by children to aging parents be subject to tax I wonder? Maybe the Thai Inland Revenue Dept will clarify it in due course. Then say it's a misunderstanding and reverse the decision. I'm just being facetious. But then cannabis.....😉

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Mike Lister Ruby Member

Mike Lister

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14 minutes ago, Gandtee said:

Will money sent from abroad by children to aging parents be subject to tax I wonder? Maybe the Thai Inland Revenue Dept will clarify it in due course. Then say it's a misunderstanding and reverse the decision. I'm just being facetious. But then cannabis.....😉

Gift Tax allows money to be gifted free of tax, up to a high limit. The gift must meet certain criteria but the support of aged parents would meet them easily I imagine. There is a thread about these things, linked below. Since there are several related threads on tax, I will close this one and ask you join the one linked below.

 

 

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