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Exchange rate for selling foreign assets
What fx rate is used when working out gains on sales of a foreign asset? Example: An asset is bought for 50,000 GBP in the UK, the exchange rate on that day is 64 It is sold some years later for 100,000 GBP, the exchange rate on that day is 44 Is the exchange rate used for the day of the transactions? So buy at 50,000 GBP = 3,200,000 THB @64 Sell at 100,000 GBP = 4,400,000 THB @44 Gain = 1,200,000 = 27,272 GBP Or is everything on the current exchange rate (44 in this example) Buy at 50,000 GBP = 2,200,000 THB) @44 Gain = 2,200,000 =THB = 50,000 GBP Also are the any other allowances etc beyond the normal personal allowances and 0% band? Like the expenses to acquire the asset? Or in the case of land/houses mortgage interest, expenses, capital improvements? Category 1,2,3 income has a 50% max 100,000THB deduction (salary, pension, goodwill etc) Cat 4 (interest), Cat 5 30% (rental property 10% other property), Cat 6 10-30% (professional services), Cat 7 60% (construction services), Cat 8 60% (business, commercial, farming). Could a capital gain come under Cat 5 30% if its property (a house/land) or 10% for other property (a painting for example) 10%, or is it Cat 8 business 60%)? Thanks, -
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Expat By Choice - But Why Are You Here?
How can anyone thats experienced a country not corrupted by feminism make this statement -
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Top 10 troubles you will find during retirement in Thailand
This American pays about $3600. USD yearly for top notch insurance. And, it covers me here in Thailand at top notch private hospitals. 350,000 baht surgery and left private hospital with zero balance owed. -
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The Economist Endorses Kamala Harris to Prevent a Second Trump Presidency
All standard political rhetoric and posturing, indulged in by all of them. -
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Trump Sues CBS for $10 Billion Over Alleged Editing in Kamala Harris Interview
The argument is over the Texas law being invoked in the lawsuit. The lawsuit does not claim Trump was defamed by the network, said Geoffrey R. Stone, a First Amendment scholar and law professor at the University of Chicago, who reviewed the complaint. Instead, the suit attempts a novel use of a Texas statute that is meant to prevent advertisers from misleading the public about a product being sold — the Texas Deceptive Trade Practices Consumer Protection Act. Stone called it a "misapplication" of the law. "That statute is about sales — a salesperson can be held liable for stating that a product has certain positive effects when he knows it doesn't," Stone said. "But CBS is not engaged in advertising here." https://www.cbsnews.com/news/trump-sues-cbs-news-60-minutes-interview/ -
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Trump’s Vision for a Government Overhaul with RFK Jr. and Elon Musk Gaining Power
The idiocracy is nigh. Trump's call to arms for Jan 6th, 'Be there, will be wild'. We know how that turned out. Now, Trump says he'll let RFK Jr. 'go wild' on health. Idiocracy (2006) - IMDb -
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New affordable EVs at the Nov 2024 Bangkok Motor Show
Very interesting, I compliment you on your research. -
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British Man Found Shirtless and Agitated on Pattaya Roadside
Interesting use of the word "we" ! you and your cronies won't be solving anything here anytime soon.
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