Withholding Tax

[edd]

My wife (Thai) and I are finally making the move to Thailand and we need to send £90,000 Sterling in order to buy our new house and car.

I am concerned that the money will be subject to the 30% Thai withholding tax.

I am almost sure that money for this purpose is exempt from the withholding tax, ALMOST SURE.

I have done a search on Thai Visas and Google but the results did not answer my question.

I am hoping that the membership can help.

[mikethevigoman]

My wife (Thai) and I are finally making the move to Thailand and we need to send £90,000 Sterling in order to buy our new house and car.

I am concerned that the money will be subject to the 30% Thai withholding tax.

I am almost sure that money for this purpose is exempt from the withholding tax, ALMOST SURE.

I have done a search on Thai Visas and Google but the results did not answer my question.

I am hoping that the membership can help.

I dont know of anyone that has had this 30 per cent held,scaremongering id say, just state what its for and ill bet it goes through no problem,

[apetley]

Agree with Mike.

A quick call to your Thai bank before you make the transfer is a good idea too.

I has transferred over the 20k US before with no problems at all.

[Ricardo]

Quite. Just ensure that your transfer says, in the Comments-section, that the transfer is for the purchase of a house, ie not for investment in the stock-market, and you should have no problems.

Welcome to LOS !

[mikethevigoman]

Quite. Just ensure that your transfer says, in the Comments-section, that the transfer is for the purchase of a house, ie not for investment in the stock-market, and you should have no problems.

Welcome to LOS !

Or for drug purchase or copy watches etc !