Skip to content
View in the app

A better way to browse. Learn more.

ASEAN NOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Selling a gold coin in order to create a tax liability?

Featured Replies

As an LTR visa pensioner my remittances are tax free and my substantial Thai dividend taxes anomalously are not recognised by the TRD for the purpose of obtaining a tax residency certificate.

Would the sale of a 1 oz gold coin brought into Thailand count as "Thailand sourced income/gains"?

I'd need to sell it with a paper trail and have the amount transferred to my Thai bank account. I would then go with these papers to the TRD and ask for the proceeds (or the difference between the 2008 and the 2026 price) to be taxed.

Would this be worth attempting?

Personally I would think it is not taxable under LTR rules - money/gold coins no difference...........

Happy for someone to show me any error in the above statement?

Don't forget your tax free allowance when trying to create a taxable event.

4 hours ago, JackGats said:

Would the sale of a 1 oz gold coin brought into Thailand count as "Thailand sourced income/gains"?

By definition your coin is foreign-sourced.

You can opt to declare your Thai dividend (and possibly pay more than the 10% WHT) or bank interest, or get rental income.

4 hours ago, JackGats said:

As an LTR visa pensioner my remittances are tax free and my substantial Thai dividend taxes anomalously are not recognised by the TRD for the purpose of obtaining a tax residency certificate.

Would the sale of a 1 oz gold coin brought into Thailand count as "Thailand sourced income/gains"?

I'd need to sell it with a paper trail and have the amount transferred to my Thai bank account. I would then go with these papers to the TRD and ask for the proceeds (or the difference between the 2008 and the 2026 price) to be taxed.

Would this be worth attempting?

I don't see the difference between Gold and & other assets, at the end of the day it's "Capital Gains".

Is there no way you can get any other Thai Income E.g. do you own a House/Condo that you can "Rent out to a Friend" for a few months to generate sufficient income to cause a Tax Liability.

  • Author
12 minutes ago, Yumthai said:

By definition your coin is foreign-sourced.

You can opt to declare your Thai dividend (and possibly pay more than the 10% WHT) or bank interest, or get rental income.

That's what I tried to do last year (with respect to tax year 2024). I opted not to let it end at the 10% "final" tax on my Thai dividends. But the local TRD then went on to want to tax me on all my remittances, disregarding my LTR exemption.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.