Jump to content

Badger18

Member
  • Posts

    224
  • Joined

  • Last visited

Everything posted by Badger18

  1. I have a similar pattern of maybe 5 months a year in Thailand. Out of interest, why do you do 3xVE when you could do 2xTV and only leave the country once? Because you can't be sure they'd give you the second TV?
  2. Does your English will say it only covers your UK assets? If not you are potentially creating a headache for your English executor. They would at least need a copy and translation of the Thai will.
  3. Yes, the question of who administers the estate, and according to what law, is separate from the question of what taxes are due - but you raised the issue of administration in response to another post saying that it was a good idea to have a separate Thai will in order to avoid paying UK inheritance tax, and it reads to me as if it's saying that's partly true. Maybe I should have responded to the previous poster and not you, but in that case I'm not sure what you are saying - that it's a good idea to have a Thai will because it's much more practical to have a Thai executor?
  4. That may be true for some countries but not for the UK. If you're UK domiciled (that's domiciled, not resident) UK IHT is payable on all assets regardless of where they are. It's possible to become domiciled outside the UK but it takes far far more than just primarily staying in another country (or making a Thai will). In fact Brits living in Thailand at the time of death could easily end up paying *more* inheritance tax because they won't get the family home tax break. I don't think you get the spousal exemption either, if your spouse is not UK domiciled. This is subject to the double tax treaty between the UK and Thailand, but the original 1981 convention did not cover IHT so unless it's been amended it makes no difference.
  5. Sorry to badger (ahem) but I'm never really sure what counts as strict in these discussions. Is the "no more than 90 days in the last 6 months" rule about as strict as it gets? I would never fall foul of that one but I don't know if that means I can safely apply anywhere. Also, is this info basically for people who have only been in the country where they are making the application for a few days and intending to go to Thailand right away? Does it make a difference if you've been there for a couple of weeks or a month?
  6. Yes that's what I was thinking. Is Sadao better than Pedang Besar then? The attraction of PB is that it's on the train line.
  7. I might do something like that later in the year. Why do you think the fact that a lot of Russians use the WP crossing makes that a better option?
  8. If I understood OP correctly he got 45 days because he came in before the cut-off (end March?). He seems to think his extension will only be 2 weeks. I think his reasoning is that since the current process only gives 30+30 = 60 and he has already had 45, they may only allow him to extend by 15 days. I don't think that's correct but it explains where he was coming from. If he actually has 2 weeks more than he thinks it means he only needs the one bounce to get to mid Sep.
  9. I think your logic was that visa exempt entries are now 30 days, extendable to 60, so they may not give you another 30 taking you to 75. I think they will but somebody must have done this recently. This means that you can get to mid-September by leaving once and coming back on an SETV which you then extend - no need for the second bounce.
  10. Flying out, getting an SETV and then flying back seems like a lot more hassle and nearly as much cost as sacking off your return flight to the UK and booking a new one from Hanoi or maybe Kuala Lumpur or Singapore. I think you still get 15 days visa exempt in Vietnam, so in your shoes I think I'd just have a 10 day holiday there. You're also adding to your visa history if you do the bounce and increasing the risk of problems down the line.
  11. Payments on account are not required where the amount collected through the previous return is below a certain level, so you will stay on one payment a year unless your tax bill goes up.
  12. Don't know if your property is mortgaged but be aware that some banks will ask you to close your account if you move abroad permanently and some mortgage Ts&Cs allow the lender to call in the loan. From what I've read on here, keeping a UK address seems to stave off any problems even if you are telling HMRC that you're non-resident. You would definitely want to check your banking facilities / mortgage weren't suddenly going to be withdrawn before notifying them.
  13. Thanks. So if I am understanding correctly it would just be a case of finding a platform that lets me open an account on the basis that I'm resident in Thailand but is not itself based in Thailand. Then income can be tax free provided it is not brought in in the same year. It seems a bit strange that the income would be treated as arising wherever the broker / platform is located is even if the stocks themselves are listed in a different jurisdiction, but I guess it's simpler that way.
  14. Thanks. So for a UK national capital gains are exempt subject to conditions, but the site doesn't say what thise conditions are. I'll have to see what I can find out about the double tax treaty.
  15. Can I just double check that this applies where you are already receiving the state pension at the point when you cease to be UK resident and does not mean that you get it at the rate for the year you ceased to be resident even if that is many years before you turn 65 or 67 or whatever it is?
  16. This has to have come up before but I'm not finding anything. If I become resident in Thailand and invest in shares or index funds, how are the gains / any dividends or other income taxed? I'm talking about Thai tax here, obviously.
  17. Can you trade assets other than property though? In practice I guess that means shares, but I don't think brokers will deal with you if you are not resident. You must be able to sell what you are holding if you have become non-resident, I guess.
  18. What docs are required for SETV though? Does it include the PP stamps? Haven't seen that - is it on the evisa site or an embassy site?
  19. If I enter visa exempt later this month, extend, then go to Langkawi for a week 2 weeks into the extension (so after about 45 days), then get the ferry to Phuket and enter visa exempt again, am I likely to have a problem? I had intended to get an SETV but it turns out I can't get one locally (because I'm not resident). I last entered Thailand in December 2022 and stayed until 20 Feb this year (visa exempt).
  20. The way I understand it is you have to have accommodation booked up until the date of your flight out of Thailand, so you book a few weeks and get a cheap or cancellable or movable flight leaving on the last day.
  21. Don't you have to send them confirmation of your flight to Thailand though? They will see where you are departing from.
  22. Did they ask you any specific questions or was it just a "don't do it again"?
×
×
  • Create New...