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What is the best visa for a 72-year-old UK national planning to retire in Thailand before selling a business?
Dec 11, 2024
a year ago
Robert *********
ORIGINAL POSTERI am seeking to retire here first before we sell business to be here together. What is the best visa for me to get please. Age 72. Uk passport.
TLDR : Answer Summary
A 72-year-old UK citizen seeking to retire in Thailand should consider applying for a Non-O visa based on marriage or an LTR visa if financially eligible. It's also advised to sell any UK business before moving to ensure favorable tax conditions, avoiding potential capital gains tax issues in the UK.
LONG TERM RESIDENT (LTR) VISA RESOURCES / SERVICES
- Take the basic LTR Qualification Test to see if you're eligible for the Long Term Resident (LTR) Visa.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Long Term Resident (LTR) Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
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Emre *****
Most of them are like money much. It is necessary to get the most expensive visa category. Otherwise, it will not be easy to convince the woman to stay married. 😂 I know it well because I was abandoned. It is proven by experience.
Ingvar *******
I mean ten years earlier have been much better. The average age isn't higher than 82.
Ingvar *******
If you are healthy and fit, you can
have up to ten good years. But, in fact, 72 is little too late.
have up to ten good years. But, in fact, 72 is little too late.
Giorgi ********
@Ingvar ******
seriously u need a hug....too late??? What are u on?Ingvar *******
@Giorgi *******
soon 78 four year left😢Reply to
Ingvar *******
Reply
Wanneeta **********
@Ingvar ******
what?? too late?. There're nothing is too late, unless you're dead lol!.Do it my friends ! your wife is Thai.Reply to
Wanneeta **********
Reply
David *******
Off topic, sorry: but what business are you trying to sell?
Kennedy ****
I want same things.
SJ *******
Make sure you sell your business BEFORE YOU move.
Andy **********
You will pay CGT on a business sold in the UK if a tax resident, but not if you are not. So picks your poison if wanting to be taxed by HMG or Thailand. You can't be double taxed due to UK-Thailand tax treaty. I suppose there might be some scam to pay tax nowhere. UK CGT rates are better for businesses worth more than £81,000.
Bob **********
@Andy *********
And this is only speculation why are you saying things that haven’t happenedAndy **********
@Bob *********
What hasn't happened? A Thai tax system. Why has there been a tax treaty with the United Kingdom since 1981. Why am I answering a query? Why are you answering my answer?Bob **********
@Andy *********
why have I lived here for over 15 years and never been asked about taxes???Andy **********
@Bob *********
You are American, so come from a strange country, which levies taxes on all US citizens, whether resident in the US or not. You question is irrelevant to the topic which is about UK-Thailand taxation. You should start your own thread, though I suspect the reason why you are not facing a Thai tax bill in the tens of millions is buried in the tax treaty Thailand has with your country. I don't know why you have lived in Thailand for 15 years. I don't know why, despite being registered with the Thai tax authorities since you are a law abiding resident of Thailand, they have not approached them about the subject. Maybe you should ask them.Bob **********
@Andy *********
And you’ve been paying tax in Thailand for how long and what are you paying tax on ?Reply to
Bob **********
Reply
Robert *********
ORIGINAL POSTER@Bob *********
As stated I will be coming to Thailand first. In fact I am here now...My wife will follow later...Reply to
Robert *********
Reply
James *******
@Andy *********
You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) all or part of a business asset.Andy **********
@James ******
Yes, which will be most of the time if selling out of choice.Reply to
Andy **********
Reply
Pete *******
Non O based on marriage. If you are remitting the proceeds of your business sale into Thailand make sure you do it while you are non tax resident otherwise you could get clobbered by the Thai taxman.
Michael ********
@Pete ******
Thats why LTR is good option (tax free)Robert *********
ORIGINAL POSTER@Pete ******
Thanks.Reply to
Robert *********
Reply
Michael ********
If you have the money get the LTR visa. If not get the Non O marriage visa
Reply to
Michael ********
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