Answered6 months ago
What actions should I take regarding my tax liability in Thailand with UK rental income?
I have a DTV, just wondering if I should take any action on my tax liability in Thailand. All my income from uk property so I'm already fully taxed in uk. Any thoughts? Any suggestions of accounts to use in Thailand if I need one ?
Thank you for any help.
Thank you for any help.
Answer summary
The discussion revolves around tax implications for an expatriate in Thailand holding a DTV visa and receiving income from UK property. Key points include that while you may not have a tax liability in Thailand due to the dual tax agreement with the UK, you are still required to file a tax return in Thailand, especially if you stay for 180 days or more. Additionally, any income from properties must be reported, and there may be a need to maintain a separate bank account for these earnings. It is advisable to consult with a tax professional to clarify your filing obligations.
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Christopher *************
You're officially a tourist. Why should a tourist pay tax?
Johnny ********
Take a Hungarian passport its easy cheap and no tax
Regards Johnny S the Dutch
Regards Johnny S the Dutch
Paul **********
Why would you have any tax liability in Thailand, the DTV is for people with overseas income, so you are taxed in that country, the DTV is classed as a tourist visa... why would a tourist pay tax?
Dave *******
Whether you must file a tax return in Thailand with no local income depends primarily on your residency status and if you bring foreign income into the country. If you stay in Thailand 180 days or more in a calendar year (tax resident), you may need to file, especially if you remit foreign-sourced income (pensions, savings) to Thailand.Key Considerations:<180 Days in Thailand: You are a non-resident and generally do not need to file if you have no income derived within Thailand.180+ Days in Thailand: You are a tax resident. While you have no local income, any money brought into Thailand from abroad that was earned in that same tax year (or sometimes prior years) is considered taxable if remitted, potentially requiring a return, even if the tax paid in your home country makes it exempt.Zero Income Filing: If you are a resident (180+ days) but have no assessable income or remittances, filing a "zero-income" return is often recommended to maintain compliance, though not mandatory in all cases.Latest Rules (2024+): New regulations mean that foreign income brought into Thailand is subject to tax, making it important to declare remittances if you are a resident.Disclaimer: Tax laws can be complex and subject to change. It is highly recommended to consult with a Thai tax professional to confirm your specific situation.
Graeme *******
Dave Allen correct, easy, one day they will link long term visa to Revenue, if you have filed returns not a problem doesn't mean.you pay just filed.
Stu *******
congratulations wonder off again
Stephen **********
Keep your property income in a separate account to your pensions and savings which you send overseas.
Sara ******
OP@Stephen *********
no pension yet .
Andrew ********
Don’t go asking them ! Wait until knock on your door !
Tony ********
Theres a big difference between what tax you might owe, (which is probably zero), and what you have to do with regards reporting your assesable income. Remitence from rental property requires 2 Thai tax returns a year as it is assesable. You can claim credit pro rata on any tax you already paid in the UK on the rental income, but must provide proof as required.
Sara ******
OPTony Morgan also many things are 'the law' but not enforced here. Is this one enforced?
Tony ********
Sara Calo Thailand will generally trust what you declare. The method of enforcement is via audit and effects all tax residents, regardless of wether tax returns have been filed. They don"t currently publish how many audits are done per year, but these will be prioritised against criteria and can in worse case scenario look at last 10 years of activity in Thailand. Apart from asking for any tax owed, there is a monthly interest added. While the audit rate is very low at the moment, the drive to AI solutions will increase the enforcement overtime.
Sara ******
OPTony Morgan thank you. So many long term DTV people I have met in person here and they file no return .
Charles ********
Tony Morgan how about a situation like this…
The sole income you have is a rental property, the income is taxable but below the threshold of income tax?
No taxes paid to HRMC.
The sole income you have is a rental property, the income is taxable but below the threshold of income tax?
No taxes paid to HRMC.
Ian ********
I’m in similar situation because my private pension is below the tax allowance and don’t receive state pension yet
Tony ********
Charles Hallam in that instance you will owe tax in Thailand on anything remitted, after considering allowances etc.
Charles ********
Tony Morgan What are the allowances for us in Thailand?
James **********
There is a reason its the DTV is 180 days.
Joe *********
James Mitchell having the DTV doesn't force anyone to stay more than 180 days per year, nor does it force anyone to stay less than that. What is your point exactly?
James **********
Joe Wheeler i didnt say it did, go and read the OP again
Stephen ********
Joe Wheeler I don't think he knows what he's talking about!
James **********
Stephen Howell youre the one that dosen't understand. not me, go and google it
Stephen ********
James Mitchell What does visa length have to do with taxation?
James **********
over 180 day youre liable for tax, thats the point of the dtv. google it if you want the full details of all the visas.. here is a screenshot
John **********
@James *********
consecutively is irrelevant, it's a cumulative 180 days in a calendar yearJames **********
Stephen Howell not consecutively. the OP is asking if they are tax liable in Thailand.
Stephen ********
James Mitchell Correct. It's based on length of stay not length of visa. The DTV has nothing to do with taxation. Most DTV holders would be in Thailand for a lot longer than 180 days in a year!
Paul ********
Dual tax agreement so if you pay tax in uk you won’t have a liability here. Unless you lease condos or make online work income here
Dave *******
However, you still have to file a return in Thailand even though there is a tax treaty with the UK
Graeme *******
Dave Allen that's what many don't understand, furnishing a return is easy Revenue do it for you just need the evidence.
John **********
@Dave ******
you only need to file a Thai tax return if you have assessable income. Rental ncome from a property in the UK is not assessable income due to the DTADave *******
@John *********
okay , not my understanding, i was told by the Revenue Department had to file even if no income in ThailandSara ******
OP@John *********
that's interesting . Where can I have this confirmed please?Sara ******
OP@John *********
thank youJohn **********
@Sara *****
in the DTASara ******
OPDave Allen thank you , this was understanding from Google but wanted to make sure as
I have met many 'nomads' here that have been here for years and not filed a return.
I have met many 'nomads' here that have been here for years and not filed a return.
Dave *******
Sara Calo They are just lucky and if found out they will be subject to penalties. Most individuals if income is sourced from overseas and there is tax treaty in place, won’t end up paying tax in Thailand ,assuming they have no income in Thailand
John **********
If you have zero income that you bring into Thailand other than rental income from property you own in the UK you should not have any tax liability in Thailand
Graeme *******
@John *********
but does he still have to furnish a tax return.Sara ******
OPGraeme Drake thank you , you sound experienced.
John **********
@Graeme ******
only if he has assessable income which rental income is notGraeme *******
@John *********
correct I am a non resident of NZ for tax purposes so the military pension is called tax free or tax already paid, but getting some paperwork to show that here in Thailand is just not possible according to those running the fund. So When going to Revenue get the BKK Bank printout which twice now they don't even look at just ask me for a total then do the excemptions and very little to pay. After talking to them.at the Head Office it ses that in some cases declaring and finishing a tax return is dort of voluntary hence when the guy comes to service the Air con units 6 monthly it is always cash. I guess getting a TIN and funishing a tax return under the 180 clause is up to each person. Think it will take them a while if ever to link long term stay visa with Revenue.John **********
@Graeme ******
your confusing accessible and assessable. From the NZ dta
Pensions
1.Pensions (including government pensions) and annuities paid to a resident of a Contracting State shall be taxable only in that State.
So if you pay tax on one in a state you are not resident of you need to claim a credit for that tax in a Thai tax return where you should be showing both pensions as assessable income (from a very brief look)
Graeme *******
@John *********
yes correct but if money lands in a Thai bank account it must be accessible surely. Pretty much understand the DTA between NZ and Thailand so one of my pensions is tax free back home, meaning tax already paid but very difficult to get paperwork to show Thais, the other is not taxed in NZ as I'm called a non resident for tax back in NZ, so no problem paying tax here for one of my incomes. But when I front at Revenue, they only want to know total bought in which I produce from.BKK Bank then they just say can you give total which we do, claiming then 4 exceptions and little to pay.John **********
@Graeme ******
no the requirement to file a tax return is based on assessable income. All income earned inside Thailand is by it's nature assessable but whether remitted income is assessable or not depends very much on the DTA between the source of that income and Thailand. You need to read and understand the DTA between the two to determine what is assessable and what is not, and sometimes as is the case with the UK you also need to dig into UK tax legislation to discover, for example, what is and what isn't a government pension.Graeme *******
@John *********
bit confused surely all income is assesible. I haven't asked Revenue many questions as my wife like all Thais hates asking when in places like Revenue. But did read the Thai Tax guide so thought any income for like me from.any source must at least file a return.Stephen ********
Nothing to pay in Thailand
Potpon******
Don’t UK citizens go full tax free once they leave the UK
Mark ********
Potpong_Life more fool you paying it , I doo the same but there getting nothing out of me
Motivate*********
Potpong_Life dubia yes
Karl *******
MotivatedFrog4797 Yeah - but that would mean being in Dubai!
John **********
Potpong_Life no they don't
Potpon******
@John *********
so the UK citizens are also CBT like the USA citizens?Potpon******
John **********
Potpong_Life The UK doesn't tax on worldwide income if you are not tax resident in the UK. But some income paid in the UK is still taxable in the UK. Property and pension being 2 examples
Potpon******
@John *********
Citizen Based Taxation (CBT) Or otherwise you have to pay taxes on any money made anywhere you are geographically
So since you don’t know what it means then UK citizens are tax exempt once you depart UK
John **********
Potpong_Life no idea what CBT means in this context but property income is taxable in the UK if the property is in the UK. Overseas UK landlords have 2 choices, either tax is withheld at source or they file a UK tax return including the income from property
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