Harris Blows an Easy Interview, Trump Pounces: She is Just Joe Biden Redux

[freebird32]

Here is the suitation. I have an offshore deposit account in the channel islands , the income from which i have been declaring on my annual tax return back home. Now that i am Living in Thailand more than the 183 days per year, technically I am a tax resident here now.I have read that if i don't bring oversea's income into Thailand on the year it was earned i don't have to pay tax ? Can somebody explain to me exactly how this works and what the implications are if any ? Do I have to let the Thai tax aurthorities know that i am now tax resident here? Do I have to make an annual return here ? How do I prove that the money i transfered into my Thai back account was not earned this year ? etc etc

Any help would be great !

thaaanks

[JAS21]

When I left the UK a few years ago I advised them and became what is called..'Non Resident and Not Ordinary Resident', I pay UK Tax on my income generated in the UK but not on savings income from off shore.

I see no reason to get involved with the Thai Tax people. I think that the 183 days rule you are thinking about is actually 90 days in the UK. Each year I complete a UK Tax form.

So you need to be at least 'Non Resident and Not Ordinary Resident' not to pay tax on Channel Island off shore savings.

Edited April 18, 2011 by John45

[JAS21]

Sorry must have pressed the button twice!

Edited April 18, 2011 by John45

[Naam]

1. Do I have to let the Thai tax aurthorities know that i am now tax resident here?

2. Do I have to make an annual return here ?

3.How do I prove that the money i transfered into my Thai back account was not earned this year ?

1. no

2. no

3. nobody will ask you to prove anything.

[PattayaParent]

To be non res for tax in UK you have to be out of the country for a full tax year, not just 183 days.

The Thai tax man will not ask you anythng if you don't tell him.

[PattayaParent]

Double post.

Edited April 18, 2011 by PattayaParent