Lwood

I raised the same idea as a question under another topic. It seems to me the generous annual Thai Gifts tax exemptions possibly offer an effective and ongoing way to at least reduce the scale of a potential income tax liability for those who have family members in Thailand and are prepared to, as an example, have their wife own a car in her name and pay for other big ticket items. Obvioulsy, it will need to be structured properly, home country ineritance and gifts rules will need to be considered, and everyone will need to do their own homework.

I have also been wondering if the Thai Gifts exemptions (explained on the Sherrings site among other places) could be a legimate tax planning tool to ensure that payments for goods and services in Thailand (school fees, cars etc) is excluded from "income" being remitted into Thailand for the Personal Income Tax calculation. For example ... gift the money to a Thai spouse, descedent etc from outside Thailand (without touching your bank accounts in Thailand) who then pays the expense. I appreciate this will only work if the person receiving the gift has a legimate reason for meeting the ultimate expense and you are happy for the asset being acquired (eg a car) to be in their name, but it does seem to create an opportunity to cover TH10m/20m per tax year (or even higher if some of the funds are for educational purposes). Depending on individual circustamces it would also be necessary to check Gifts/Inheritance type rules in the overseas jurisdiction.