What are the tax implications and rules for sending large amounts of money from the US to Thailand for building a house?

When transferring large sums of money from the USA to Thailand for building a house, it's important to understand local regulations and tax implications. Amounts under THB 5,000,000 typically do not raise flags with the Bank of Thailand, but larger amounts require documentation proving the source of funds and a letter explaining the purpose of the transfer. Tax residents in Thailand have specific gifting limits (up to 20 million THB) that are tax-free if the recipient does not benefit from the funds in the year received. It's advisable to make smaller transfers to avoid complications and ensure smooth processing.