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hotandsticky

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Posts posted by hotandsticky

  1. 4 hours ago, scubascuba3 said:

    Stop panicking, wait and see but they won't be taxing transfers, possible taxing income but with DTR no further tax to pay

     

    "Taxable income"..... but, as you say, DTAs take care of that.

     

    Rather like the UK state pension being taxable income - no one pays tax on their pension because the annual tax allowance covers it.

     

    Too many people (who are unaffected) are considering actions that are totally unnecessary.

     

     

  2. On 10/13/2023 at 6:31 PM, Iamloki said:

    Really Sticky... I have no idea - except that the onus of proof will be on the tax resident.

    A couple of observations from today - and something that should stop the average retired expat from wetting themselves further.

     

    I am not a huge fan but I saw a You Tube video today from Ride4Kickz...he visited a tax consultant who said that most expats have nothing to be concerned about. Not sure if I can post the link on here but just Google him on You Tube.

     

    One think that he did say was that differentiation on 'last years income being savings' has been removed and all income in the current tax year counts......OK for those of us with DTA's...

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  3. 6 minutes ago, Pattaya57 said:

    I'd rather go to booking.com where it defaults to total price without worrying about changing Agoda settings

    Then you will often pay more.

     

    Agoda has been consistently cheaper all year.

  4. On 10/13/2023 at 6:31 PM, bignok said:

    Strange. Never happened to me. 750 a day is massive.

    Because it is an Airbnb type booking - the cleaning fee would be the same for, say, a one month stay. Short stays are not viable.

     

    Seven Seas in Jomtien is a good example - quotes the room price including the cleaning charge. I have Agoda set to include ALL costs in the nightly rate quoted. Nothing hidden. 

     

    Total Price

    ฿ 4,460.46

    Room price (1 room x 3 nights)฿ 3,860.46

    Booking feesFREE

    Included in total price: Cleaning Service Fee ฿ 600.00, Service charge 10%, Tax 7%

    Pay to Agoda later

    ฿ 4,460.46

    You will be charged on 11 November 2023

    • Thanks 1
  5. 6 minutes ago, Kinnock said:

    We turned up for the VFS appointment armed with 3 months of bank statements for her and 1 month for me.  Copies of her property blue book and car ownership book, plus a letter from me as her sponsor and a copy of my passport.  We also included photos of us together at various events.

     

    I'd paid for the lounge and scanning service and for the express processing.  I was not allowed into the lounge so waited outside while she went in alone to send selfies to me of her sipping coffee and eating biscuits ????

     

    The young admin guy didn't want the photos or the car docs.  He scanned the rest, took her photo, and she was out in 10 minutes.

     

    5 days later her passport with 180 day multi entry visa arrived by courier.

     

    With hindsight I didn't need the 'VIP' service as uploading the docs on line looked simple.  The online application asked for details of parents, income, costs etc and the scanned docs supported the financial details we provided.  We also had to provide details of where we'd be staying in UK.

    In the application and in my letter I stated I would cover her costs in UK.  I've booked the flights, but at the time I didn't have flight or hotel bookings.

     

     

    Just for the benefit others; UKVI expressly say - do not book flights until the outcome ofthe visa application is known. This is the opposite of Schengen visa applications where you have to submit bookings for everything.

     

    Most applications only require a maximum of 6 documents if you are acting as sponsor:

     

    1. Sponsor letter outlining the circumstances of the application and informing the ECO that the application meets the 3 key criteria of reason to visit/genuine relationship; financial adequacy; reasons for the applicant to return to Thailand.

    2. Copy of sponsor's passport ID page to confirm UK status.

    3. Financial evidence from the sponsor supporting the comment in the sponsor letter that all costs of the trip are covered. I submit Premium Bond statement but it could a bank statement/P60 if showing income

    4. Reasons to return letter - setting out the reasons ie land ownership, strong family ties, work.

    5. Paperwork supporting the above - I send a translated copy of my partners chanote.

    6. For a first application some evidence of the relationship to support the comments made in the sponsor letter.

    • Like 1
  6. 1 hour ago, JayClay said:

    Is it really money that you're worried about or is there something more to this?

     

    I honestly can't understand somebody being so absolutely mean that they don't want anybody to have what's left when they die.

     

    Is there really not a single suitable person, or charitable organization, in the entire world that you'd want to help out when you're gone?

     

    People on this forum never cease to amaze...

     

     

    I am calling bu11sh!t on this  -  he is far too evasive so is probably just trolling for effect.

    • Thumbs Up 1
  7. 2 hours ago, VBF said:

    That was why I said and repeat (also to @hotandsticky)  "You would need to check that point carefully."  Everyone's circumstances are different and I'm NOT a tax professional.

    To be fair, you don't need to be a tax professional to establish whether you are UK tax resident, or not.

     

    The ability to read and, more importantly, comprehend the HMRC guidelines is sufficient.

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  8. 23 minutes ago, FlorC said:

     

    If you want no one to get it , it is impossible.

     

    And to get back to the topic : maybe the only downside of being a loner (with no kids) , is the things you leave behind after you die.

    Yes it has been said already , this subject is becoming morbid. 

    Nothing morbid about estate planning.

     

    As I said before, none of us get out of this adventure alive; so enjoy the time you have left and make sure that you take steps to ensure that the people whom you care about, are taken care of.

  9. On 10/9/2023 at 8:55 AM, Keith5588 said:

    Hi,
    I am from the UK but now retired and living in Thailand.
    I still have a UK bank current account. My main assets are still in the UK, savings, house that I rent out, pensions, and I pay UK tax.

    I think most of us need to still have a bank/building society in our home country mainly to have money paid into and to make transfers from. We may or may not need a debit and credit card.
     

    I have used building society Fixed interest accounts, sometimes they insist on opening an instant access account but I have never actually wanted to use the instant access account.

    I still have some fixed interest savings accounts and I think a couple of instant access accounts.

     

    So my question is assuming a debit and credit card is not needed would a building society instant access be adequate for a UK expat living in Thailand? 

    Or is there a reason why they would need a bank current account?
    I am wondering when withdrawing money from a building society instant access account can you pay any external account or do you have to transfer the money out to your nominated bank current account?


    Thanks in advance
    Keith

     

    Short answer "no". The instant access savings has limited use.

     

    I am not sure what your concern is. I may have failed to join up the dots here but I thought that you were going back to the UK for 6 months (to sell the rental house?).

     

    Having a UK address is the most important thing and will probably keep you under the 'expat exclusion' radar. Nationwide, IMO, are less likely to proactive action like Barclays are doing. If you have family in the UK, use their address as your correspondence address - if you are visiting the UK for a lengthy period that is the ideal time to get the address changed.  

     

    I like WISE as a back up. They are ideal for transferring money to and holding funds for a short time.

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