Thai tax tangle: Expats warned of new rules on overseas income

[jwest10]

As a matter of interest has anyone booked a so-called free consultancy with the expats site and have cancelled  a meeting further on in March but several times my local Revenue office state I simply do not need to file and yes my personal allowances exceed my assessable income so not tax to pay.

I know about this 220K but if you had a neeting was it useful coz we are being swamped with so many differing view points.
Thank and not filing

[Badrabbit]

2 minutes ago, jwest10 said:

As a matter of interest has anyone booked a so-called free consultancy with the expats site and have cancelled  a meeting further on in March but several times my local Revenue office state I simply do not need to file and yes my personal allowances exceed my assessable income so not tax to pay.

I know about this 220K but if you had a neeting was it useful coz we are being swamped with so many differing view points.
Thank and not filing

Pay them loads of money to find out.

[jwest10]

As I have been  told several times  by my local Revenue  Office I do not need to file a tax return and yes my personal allwances and exemptions are higher than my assessable income.
And not going to and aware of this 220k but that is for employment income.

As a matter of interest  has anyone had a 15 so-called free consultation with Carl Turners ex pat firm as they seem as many other complicate matters with so many differing opinions. 
Thanks all

[anchadian]

47 minutes ago, jwest10 said:

As I have been  told several times  by my local Revenue  Office I do not need to file a tax return and yes my personal allwances and exemptions are higher than my assessable income.
And not going to and aware of this 220k but that is for employment income.

As a matter of interest  has anyone had a 15 so-called free consultation with Carl Turners ex pat firm as they seem as many other complicate matters with so many differing opinions. 
Thanks all

In how many posts have you stated this as stated in your first para?

I'd need a calculator to add them all up.

Yawn.

 

[topt]

8 minutes ago, anchadian said:

In how many posts have you stated this as stated in your first para?

I'd need a calculator to add them all up.

Yawn.

 

Thanks - I have been wanting to say this for months...........

[cliveshep]

Can someone please help me out here? So many posts but cannot recall seeing anything definitive about actual allowances.

 

I'm a retired Brit on a state pension, not large and much of it goes to support my wife's two spinster sisters. Given we are all struggling on one meagre UK basic pension and given the way the exchange rate has hit us badly I really want to know what allowances would be mine, and what the sisters. Thinking to transfer the pension in 3 sums, one to me, one to my wife (who is the one who spends it anyway as she is in charge of bills) and one to my sil. Thinking is if it is transferred from the UK to 3 people instead of just me the fees might cost a little more with WISE but all 3  would have allowances to set against the money. We just cannot afford to lose any more to uncontrolled bills. Trump has screwed the exchange rate it seems.

 

So - what at age 79 would be the total amount I could transfer to my account before incurring a tax liability?

Ditto my wife and ditto her sister. Some good and sound correct advice would enable me to split the pension sensibly whereas if I transferred it all to me as I have been doing and then disbursed it I could be into a world of grief perhaps? 

[jwest10]

26 minutes ago, anchadian said:

In how many posts have you stated this as stated in your first para?

I'd need a calculator to add them all up.

Yawn.

 

angry what are you doing GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[anchadian]

9 minutes ago, cliveshep said:

Can someone please help me out here? So many posts but cannot recall seeing anything definitive about actual allowances.

 

I'm a retired Brit on a state pension, not large and much of it goes to support my wife's two spinster sisters. Given we are all struggling on one meagre UK basic pension and given the way the exchange rate has hit us badly I really want to know what allowances would be mine, and what the sisters. Thinking to transfer the pension in 3 sums, one to me, one to my wife (who is the one who spends it anyway as she is in charge of bills) and one to my sil. Thinking is if it is transferred from the UK to 3 people instead of just me the fees might cost a little more with WISE but all 3  would have allowances to set against the money. We just cannot afford to lose any more to uncontrolled bills. Trump has screwed the exchange rate it seems.

 

So - what at age 79 would be the total amount I could transfer to my account before incurring a tax liability?

Ditto my wife and ditto her sister. Some good and sound correct advice would enable me to split the pension sensibly whereas if I transferred it all to me as I have been doing and then disbursed it I could be into a world of grief perhaps? 

Your state pension is assessable income.  Any of that income remitted over 150K would be taxable subject to any deductions and allowances.


 

[anchadian]

8 minutes ago, jwest10 said:

angry what are you doing GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

Stating a fact.

[topt]

1 hour ago, cliveshep said:

So many posts but cannot recall seeing anything definitive about actual allowances.

I replied to you yesterday with the answer @anchadian provided above.

Did you actually look at it - genuinely curious?

[Mutt Daeng]

1 hour ago, anchadian said:

In how many posts have you stated this as stated in your first para?

I'd need a calculator to add them all up.

Yawn.

 

 

1 hour ago, topt said:

Thanks - I have been wanting to say this for months...........

Spot on

[Ricardo]

2 hours ago, cliveshep said:

I'm a retired Brit on a state pension, not large and much of it goes to support my wife's two spinster sisters. Given we are all struggling on one meagre UK basic pension and given the way the exchange rate has hit us badly I really want to know what allowances would be mine, and what the sisters. Thinking to transfer the pension in 3 sums, one to me, one to my wife (who is the one who spends it anyway as she is in charge of bills) and one to my sil. Thinking is if it is transferred from the UK to 3 people instead of just me the fees might cost a little more with WISE but all 3  would have allowances to set against the money. We just cannot afford to lose any more to uncontrolled bills. Trump has screwed the exchange rate it seems.

 

So - what at age 79 would be the total amount I could transfer to my account before incurring a tax liability?

Ditto my wife and ditto her sister. Some good and sound correct advice would enable me to split the pension sensibly whereas if I transferred it all to me as I have been doing and then disbursed it I could be into a world of grief perhaps? 

 

 

If you made a transfer to your wife or sisters, describe it as a "Gift", there's supposed to be a B10-million allowance for that.

 

So use your own full-allowance, see Anchadian's post above, then make a suitable 'Gift' to one of the sisters ?

[cliveshep]

1 hour ago, topt said:

I replied to you yesterday with the answer @anchadian provided above.

Did you actually look at it - genuinely curious?

Sorry, old age plus a lot going on right now. Guess I missed it. No offence intended.

[cliveshep]

3 hours ago, anchadian said:

Your state pension is assessable income.  Any of that income remitted over 150K would be taxable subject to any deductions and allowances.


 

Wow, does that mean I got 560,000 I can bring in tax free? Given my small pension if so that would cover it completely. 

[casula]

please forgive my ignorance. I am a resident. If my mother sends me money, does anyone have to pay taxes?