Search found 70 matches

by magsandbilly
Tue Mar 11, 2025 3:37 pm
Forum: Legal, Visa, Finances & Employment
Topic: Tax residency in Thailand and taxing overseas income
Replies: 700
Views: 695710

Re: Tax residency in Thailand and taxing overseas income

Was told if you bring it into Thailand you will be taxed on it.Basically try and bring in an amount that is not greatly over your tax allowances if you can
by magsandbilly
Fri Feb 28, 2025 7:52 am
Forum: Legal, Visa, Finances & Employment
Topic: Tax residency in Thailand and taxing overseas income
Replies: 700
Views: 695710

Re: Tax residency in Thailand and taxing overseas income

Thanks Big Boy and Dannie Boy for the quick replies. I was leaning towards that thought.
by magsandbilly
Thu Feb 27, 2025 7:01 pm
Forum: Legal, Visa, Finances & Employment
Topic: Tax residency in Thailand and taxing overseas income
Replies: 700
Views: 695710

Re: Tax residency in Thailand and taxing overseas income

Hi All

Could anyone tell me if I would be taxed on monies transferred from uk into my Thai bank account by my sister who is coming over on holiday?
by magsandbilly
Fri May 31, 2024 5:03 pm
Forum: Legal, Visa, Finances & Employment
Topic: Tax residency in Thailand and taxing overseas income
Replies: 700
Views: 695710

Re: Tax residency in Thailand and taxing overseas income

We were told by HMRC we no longer need to file tax returns to HMRC.
by magsandbilly
Thu May 30, 2024 6:34 pm
Forum: Legal, Visa, Finances & Employment
Topic: Tax residency in Thailand and taxing overseas income
Replies: 700
Views: 695710

Re: Tax residency in Thailand and taxing overseas income

We do not have pensions coming from uk into Thailand. We have the required funds for our visa sitting in Thai bank accounts. We are not uk pension age. We have retired from working. We live off our savings in our uk bank account. This may sound silly but Could someone clarify for me if bringing in s...
by magsandbilly
Sat Nov 11, 2023 7:21 pm
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 18905

Re: Personal Income Tax being charged on sale of apartment

Ok finally got someone to explain the calculation. It has been a tax law already there but not reinforced until now as taxes are needed to fund the country. Your buying price is A. Your selling price is B. You got a lease for 30 years. You divide A by 30 to give your yearly amount for your lease - C...
by magsandbilly
Thu Nov 02, 2023 5:15 pm
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 18905

Re: Personal Income Tax being charged on sale of apartment

Hi This is what we thought but my friend was charged personal income tax based on this calculation. Amount you bought apartment at divided by the number of days in 30 year lease. This then gave the baht rate per day. The baht rate per day was then multiplied by the number of days remaining on lease....
by magsandbilly
Thu Nov 02, 2023 7:22 am
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 18905

Re: Personal Income Tax being charged on sale of apartment

I’ve been told it is calculated on selling price. Not valued price.
by magsandbilly
Sat Oct 28, 2023 11:52 am
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 18905

Re: Personal Income Tax being charged on sale of apartment

If only they would explain the calculation process!
by magsandbilly
Sat Oct 28, 2023 10:52 am
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 18905

Re: Personal Income Tax being charged on sale of apartment

Tax issuance office don’t speak English
by magsandbilly
Fri Oct 27, 2023 2:29 pm
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 18905

Personal Income Tax being charged on sale of apartment

Hi A friend recently got a hefty tax bill on selling his apartment. We are trying to work out how this personal income tax was calculated. On searching the web we find about 4 different answers with there being thousands of bahts different. One way it says you should be paying over thb600,000 anothe...
by magsandbilly
Tue Dec 03, 2019 12:27 pm
Forum: Property & Real Estate
Topic: Unpaid Property Management Fees - Recourse
Replies: 3
Views: 863

Re: Unpaid Property Management Fees - Recourse

Thanks for this. Very helpful
by magsandbilly
Mon Dec 02, 2019 6:42 pm
Forum: Property & Real Estate
Topic: Unpaid Property Management Fees - Recourse
Replies: 3
Views: 863

Unpaid Property Management Fees - Recourse

Dear All Knowing the number of estates around Hua Hin, be them condos, apartments, villas etc. Can I pose a hypothetical question. In the case where an owner or leaseholder fails to pay their management fees, what is the recourse? I understand that the management company may be able to disconnect ut...
by magsandbilly
Tue Nov 26, 2019 6:55 pm
Forum: Legal, Visa, Finances & Employment
Topic: Health insurance now mandatory for long-stay foreigners
Replies: 252
Views: 29522

Re: Health insurance now mandatory for long-stay foreigners

Yes! Must have thb800,000 in bank and now must have their medical insurance. A double bubble hit. I thought proof of THB 800,000 in bank was so that you could pay your medical fees and living costs. Now they have doubled up the requirements. :|
by magsandbilly
Tue Nov 26, 2019 12:40 pm
Forum: Legal, Visa, Finances & Employment
Topic: Health insurance now mandatory for long-stay foreigners
Replies: 252
Views: 29522

Re: Health insurance now mandatory for long-stay foreigners

They seem to be forcing you to take a policy that has much less cover than what we have with BUPA. At least we had a choice but the cost of their basic policy is the same as my BUPA but with less coverage. Nipping my brain this one and seems no way out