400,000 Baht Annual Marriage Extension Funds Transfer Question

[4MyEgo]

My question is, can I transfer the 400,000 baht annual amount for my 12 month extension from my wife's savings account into a fixed account, to be created in my name or to my normal everyday account.

 

The reason I ask the above question is because with the new tax code that came into effect, I no longer wish to transfer money into my Thai bank account, I would prefer to "gift" that annual amount to my wife and live off the money that way.

 

I believe this is a legitimate way of not having to pay tax on any money remitted into Thailand.

 

For the record, I transferred enough money for us to survive prior to the 1 January 2024 date that it came into effect and am now forward planning before transferring any funds in the next few months.

 

Thanks for all relevant replies in advance.

[johng]

1 minute ago, 4MyEgo said:

My question is, can I transfer the 400,000 baht annual amount for my 12 month extension from my wife's savings account into a fixed account, to be created in my name or to my normal everyday account.

 

Yes I believe you can do that...the I/O might ask were the money came from.

 

4 minutes ago, 4MyEgo said:

I believe this is a legitimate way of not having to pay tax on any money remitted into Thailand.

err don't know about that bit.

[Upnotover]

You cannot receive any benefit from the gift to your wife, if you do it could be considered assesible income. So no, it's not a good idea.  But on the other hand the chances anyone will ever care are close to zero, better just keep it in your own account and be done with it.

[4MyEgo]

1 hour ago, Upnotover said:

You cannot receive any benefit from the gift to your wife, if you do it could be considered assesible income. So no, it's not a good idea.  But on the other hand the chances anyone will ever care are close to zero, better just keep it in your own account and be done with it.

 

That's what I needed to know, sound advice.

 

So for example; I will transfer 400k baht to my account and leave it there untouched, the balance to the wife's so as to live off every year thereafter, assuming that I can gift her say 1 million baht per annum.

 

Too easy.

[Upnotover]

8 minutes ago, 4MyEgo said:

 

That's what I needed to know, sound advice.

 

So for example; I will transfer 400k baht to my account and leave it there untouched, the balance to the wife's so as to live off every year thereafter, assuming that I can gift her say 1 million baht per annum.

 

Too easy.

You can gift her but you must not benefit from it, at all, in any way.  So you living off it will not work.  Having said that there is the question of the origin of the money (i.e., is it even accessible?) , your tax allowances, etc., better answered in the tax threads.  

[4MyEgo]

1 hour ago, Upnotover said:

better just keep it in your own account and be done with it.

 

I thought I'd ask, do you know if immigration is against one keeping 400k baht in a fixed account, so as to keep it separate from my everyday account ?

[Upnotover]

Just now, 4MyEgo said:

 

I thought I'd ask, do you know if immigration is against one keeping 400k baht in a fixed account, so as to keep it separate from my everyday account ?

No problem, as long as it's immediately accessible.  I do the same for my retirement extension.  

[DrJack54]

2 minutes ago, 4MyEgo said:

 

I thought I'd ask, do you know if immigration is against one keeping 400k baht in a fixed account, so as to keep it separate from my everyday account ?

You can keep funds in an FD or Savings account. 

 

[GreasyFingers]

On 6/3/2025 at 4:58 PM, Upnotover said:

You can gift her but you must not benefit from it, at all, in any way.  So you living off it will not work.  Having said that there is the question of the origin of the money (i.e., is it even accessible?) , your tax allowances, etc., better answered in the tax threads.  

My reading is that you can gift your wife living expenses. Does this mean that if your wife pays for all of the household living expenses, including husband and children, it is still non taxable.