Rental Income For Retirement Visa

[Rob5060]

I am soon to extend my retirement visa for the first time in Thailand. I obtained the first one in the UK

Part of the required 800,000Bt I want to show as income from property rental in the UK

I think I will need a letter from the UK embassy or consul confirming this

My question is what will the Embassy/Consul need to prove I am making the income

[JAS21]

I am soon to extend my retirement visa for the first time in Thailand. I obtained the first one in the UK

Part of the required 800,000Bt I want to show as income from property rental in the UK

I think I will need a letter from the UK embassy or consul confirming this

My question is what will the Embassy/Consul need to prove I am making the income

So you are saying that that your ‘retirement’ visa extension will be based on a mixture of savings and income.

When I do mine I only need proof of pension and I show the British Embassy my last year’s ‘pension advice’ (my extension is due prior to my receiving the present years pension advice) and bank statements, usually the last three months, showing the pension payment. My bank statements also show my monthly rental income but that is not needed.

So bank statements should do, you should indicate rental payments, backed up maybe by showing them your Assured Shorthold Tenancy Agreement(s) covering the period in question.

[JustinCredible]

I am soon to extend my retirement visa for the first time in Thailand. I obtained the first one in the UK

Part of the required 800,000Bt I want to show as income from property rental in the UK

I think I will need a letter from the UK embassy or consul confirming this

My question is what will the Embassy/Consul need to prove I am making the income

So you are saying that that your ‘retirement’ visa extension will be based on a mixture of savings and income.

When I do mine I only need proof of pension and I show the British Embassy my last year’s ‘pension advice’ (my extension is due prior to my receiving the present years pension advice) and bank statements, usually the last three months, showing the pension payment. My bank statements also show my monthly rental income but that is not needed.

So bank statements should do, you should indicate rental payments, backed up maybe by showing them your Assured Shorthold Tenancy Agreement(s) covering the period in question.

It shouldn't be a problem getting a letter from the Embassy, AS LONG AS you can show them that you are paying UK Income Tax on the rental income.

[ubonjoe]

It appears you intend to use the combination income and savings method.

Info on income leter on embassy website. http://ukinthailand.fco.gov.uk/en/help-for...ng-in-thailand/

You will need to show the remainder in a Thai bank. There is not set period of thime it has to be there.

Dependent upon the immigration office you use you will need a letter in the bank confirming the balance and copies of your bank book.

[chiangmaibruce]

I use rental income to get annual extensions for a type O (not O-A) visa. The embassy doesn't actually check anything - their role is simply to witness you signing a Stat Dec in which you say that <in this case> you receive a more than 40,000 baht/month in rental income. I always take a copy of the lease and bank statements but have never been asked for them.

[thaiphoon]

The embassy doesn't actually check anything - their role is simply to witness you signing a Stat Dec ...

For the UK no. The embassy will need to see income details/supporting paperwork. I would concur with posts above that providing the embassy with sight of rental agreements, bank statements showing receipt of rent monies and paperwork to HMRC showing declaration of rental income should be more than enough to get the income letter.

[BlueSmurf]

I went to the British Embassy in Chiang mai.they onlt wanted to see 3 bank statements showing monies into my account.They picked the one with the most income and did the letter from that.BTW my income comes from rentals.No need to show anything else.

[astral]

Rental income can be dodgy.

What if the tenants leave??????????

[JimGant]

It shouldn't be a problem getting a letter from the Embassy, AS LONG AS you can show them that you are paying UK Income Tax on the rental income.

Don't know if the Brit Embassy asks for tax receipts.......... but you're allowed to use *gross* receipts towards the 65k requirement. Same, too, if you were using a pension statement, from which deductions for alimony, insurance, taxes, whatever were deducted.

While, I'm sure, the Thais are really interested in your disposable income/cash flow, gross income is what has historically been certified by one's embassy -- at least from my years of reading Thai Visa.