At 17.40 Investment case study 2. He gives an example of calculating capital gains tax for a tax resident who sells £40k of UK investments and remits the whole amount to Thailand in 2024. Out of the remittance of 1,722,911 baht including the 40% gain cited, he comes up with a figure of 487,341 as the gain and says that is the assessable income. Then at 19.30 shows a tax form with the 487,341 baht entered in a box as the assessable income. Why is the rest of the remittance not assessable?
What am I missing?
Just thought....having said the above.....I asked 3BB for an internet connection.....two days later (and we are way, way out in the sticks).....all wired up and working perfectly.
Swings and roundabouts......or business and government?
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