CapraIbex

@Mike Lister Would you please have a look at my brief write-up if I understand the matter correctly. Concerning my Tax exposure. I am an Australian non-resident for tax purposes and a tax resident of Thailand. I am married to a Thai lady, and our marriage is child-free. While I do not have health insurance, I am able to pay private hospital bills using my AMEX card account. Before January 1, '24, and by adhering to the 'one-year rule,' I loosely remitted funds to Thailand as needed. My Australian private pension income and other financial benefits obtained from investments in Australia are tax-free, and I believe that they are regarded as assessable income in Thailand under some 'Internal Regulations'. Since income that is remitted to Thailand is taxable here, regardless of the year it was earned, I should now be extra cautious and vigilant, avoiding or minimizing my tax exposure. Is my understanding of the above correct? Concerning International Gift Tax Rules. If I wish to purchase a new car, make renovations/improvements to my wife's house, or receive special treatments in a private hospital, and wish to remit, say, THB 2M to cover these extra costs, my tax exposure would be THB 262,500.00 (I used the spreadsheet provided by 'pauku1' posted January 26, https://aseannow.com/topic/1318120-revenue-department-contact-reports/#comment-18647010). If this is indeed correct, could it be construed as a gift (a legitimate tax avoidance/minimization) by remitting the said funds directly from my Australian bank account to my wife's Thai bank account? If this scenario is deemed acceptable, will my wife have to complete a tax form and notify the RD? (Presently, Australia has no Gift Tax Rules). Concerning International Inheritance Tax Rules Presently, Australia has no Inheritance Tax. As I am now on a steep, slippery slope, I am wondering if my wife (the inheritor) will encounter inheritance tax implications once my considerable wealth is transferred from Australia to her Thai bank account(s)? In one of your posts you mentioned "Inheritance and Gifts between certain family members in Thailand are free of tax, up to a maximum amount and subject to certain conditions." Are these conditions applicable for the above mentioned assumption? (Sherrings Tax Insights have no reference to Inheritance/Gift Taxes sourced from overseas).

To which country are you referring to?

I would see an Urologist and a Hepatologist/Gastroenterologist at either Bumrungrad hospital or Bangkok Pattaya hospital.

possible alternative to a sidecar... https://www.facebook.com/ozimoto

Well, the hurdles involved are not impossible to surmount, IMO. I don't know the legal aspects but make no mistake - today's computers with sophisticated hardware and programmed software coupled with AI can analyze and spit out programed data in nano seconds. And the cost of such apparatus would be affordable. Though not related to ATM swipes - to demonstrate the capability of such relative low-cost equipment go to a 23 year old blog https://blog.zorinaq.com/whitepixel-breaks-286-billion-passwordsec/ Putting on my lateral thinking hat - I would bet a dime or two that it is possible analyzing "million upon million" ATM swipes very fast and easily.

They (RD) indeed cut the "one-year-grace" loophole for anybody remitting funds to Thailand! The RD is not interested about anybody's financial affairs in foreign countries. Again, the RD is not interested about anybody's financial affairs in foreign countries - they never have and probably never will but with the increasing digital banking co-operation of other countries may access pertinent information concerning the remittance. As it stands now, the RD will be focusing on the amount of money brought into Thailand. "People residing in Thailand for more than 180 days per tax year are supposed to file a tax return and declare their assessable income. Just because the Thai tax authorities didn't press the issue does not mean that retirees are exempt."

It's generally better to be informed and prepared. "People residing in Thailand for more than 180 days per tax year are supposed to file a tax return and declare their assessable income. Just because the Thai tax authorities didn't press the issue does not mean that retirees are exempt."

I found a pertaining conversation here:

Ordered one of each and paid the heaters yesterday morning of Boonthavorn via lazada. They just advised the delivery will be this afternoon. A surprising quick and efficient process from ordering to delivery.

Thanks for reassuring comment.

Actually, I am not. It's just so bloody cold up here... Anyway, the S/E 8KW unit seems less demanding on my electrical supply and I hope the new water heater makes a difference in combating the cold. Thanks for caution.

My local sparky confirmed 6 sq mm cable size. Would this cable size and the 40A breaker be suitable for a Stiebel Eltron DHC10EL 10,000 Watt unit?

To avoid carbon monoxide poisoning, couldn't a LPG heater system be installed away from the house and insulate the pipework?

Some time ago, I considered going for a solar-type stored water heater set-up to be plumbed into the existing system but couldn't find a suitable contractor. If I ever source a suitable solar storage unit and a schematic plumbing layout, then I'll bite the bullet and try to install the system by myself sometime in the middle of next year.

According to the specification of my existing Mitsubishi water pump model EP-255R, the size is 250 Watt and a pump capacity is about 48 liters per minute. I think this should cover the lower as well as the upper floor.

Which one did you use - STIEBEL ELTRON 8000W DHC 8EC or STIEBEL ELTRON 8000W DDC 8EC ?

The local sparky installed a "Haco" H6-40/1C C40 breaker dedicated for the existing water heater but I am unsure of sizes of wires he used and need to ask him. What are the recommended wire sizes for an 8KW unit?

This is my first time spending the Christmas/New Year holidays in Buri Ram, and oh boy, it's freezing up here. My existing water heater at 3.5KW just doesn't cut it; the shower is awfully frigid, even turning down the water supply to a trickle. I require a powerful electric water heater with a decent flow of hot water to suit a Mitsubishi water pump model EP-255R. Would an 8KW unit (MEX, Panasonic or Stiebel Eltron) be sufficient, or should I aim for a higher wattage?

At Jomtien Immigration Office, what additional documents need to be submitted when applying for a residence certificate in Thailand?

Which bank in Pattaya is the most accommodating for non-citizens applying for a Foreign Currency Deposit Bank Account, and what documents are required?

Concerning page 2 item #8 of TRANSFER STAMP TO NEW PASSPORT FORM. Which TM Card do they referring to? And at Jomtien, which counter will deal with the Stamp Transfer?

I'm sure reading somewhere in this forum that the Australian Embassy in Bangkok don't issue a 'letter' anymore - they now will stamp one of the (new) passport pages requesting the Immigration office to transfer relevant visa details from the cancelled passport to the new one. Can you confirm this, please.

Thanks Dr Jack, I'll be guided accordingly.

I am expecting a new Australian passport early/mid May '23. My Non-Immigrant 'O' visa extension based on retirement is due to be renewed 20 October 2023 at the Jomtien Immigration Office. IIRC, the officers at counter #8 are in charge for renewal of visa extensions. I generally apply for a new extension 4 weeks before due date. Considering the time span, is it advisable for having the relevant visa details transferred from the cancelled passport to the new one before applying for a new extension and, if so, which is the appropriate counter to go to and what paperwork/form needs to be completed? Or is it okay to wait (4 months) until 20 September '23 requesting the immigration officer at counter #8 to transfer the visa details from cancelled to new p/port at the same time when submitting my application for a new visa extension.

How do the OFX/WISE transfer fees compare?