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What types of income qualify for the wealthy pensioner’s LTR visa in Thailand?

LTR visa Thailand immigration pension income capital gains dividends visa requirements Board of Investment (BOI)expat advice

Mar 22, 2023

2 years ago

ORIGINAL POSTER

I intend to apply for the (not so) wealthy pensioner’s LTR visa, with passive income > USD $80k. Do the following types of income qualify?

1) taxable capital gains realized from sporadic stock sales throughout the year.

2) dividends received in tax advantages accounts (such as IRA, Roth IRA, HSA). i have account statements documenting the dividends, but these are not reported in tax returns.

TIA!

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TLDR : Answer Summary

The user is looking to qualify for the wealthy pensioner’s LTR visa in Thailand with a passive income over USD $80k. They are asking if taxable capital gains from stock sales and dividends from tax-advantaged accounts qualify as income. Responses indicate that taxable capital gains require tax returns, and dividends need brokerage statements. Users cautioned about differing opinions on what documentation may suffice and recommended contacting the BOI directly for accurate answers.

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David ********

One USA person reported that he used 1099's to prove income.

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Alex *******

ORIGINAL POSTER

thanks! that is the same as using tax returns. 1099-DIV and 1099-B are how taxable dividends and capital gains, respectively, are reported to the tax authority in the US.

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David ********

For me the most important are 1099-R and 1099-SSA.

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David ********

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Ally ************

I guess it depends on who you ask.. since i was informed by Chiang Mai immigration staff today.. that retirement income would need to be confirmed in writing by the pension administrator.. they basically wanted a letter confirming the annual pension payment.. and never suggested tax returns as an alternative option.. or that investment income could be included in the calculations.. perhaps it depends whether it is raining or not on the day you apply.. lol 😆

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Ally ************

My goal is to obtain a married visa not a retirement visa.. but evidence of income will come from a pension that is in payment.. so i was reciting my experience with CM immigration.. your information suggests applications going through other agencies are handled differently when it comes to evidencing income etc 👍

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Jo **********

@Ally ***********

i don’t think Chiang Mai immigration handles the LTR visa, I believe it’s the BOI

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Kool *******

@Ally ***********

do not confuse a type O retirement visa extension with the LTR visa based on retirement. They are two separate visas administered by two different government agencies. Immigration doesn't handle the LTR visa. The BOI, board of investment does.

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Alex *******

ORIGINAL POSTER

@Ally ***********

thanks for the heads up. definitely lowering my expectations! good thing is that, at least for the pensioner LTR, BOI told me that i don’t have to pay anything until it’s ready to be picked up.

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Alex *******

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Tulip ********

Just tell us when you have it rather than encouragement to apply.

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Alex *******

ORIGINAL POSTER

following up on this topic. i emailed BOI and got a reply back quickly. both can be used to satisfy the $80k requirement. (1) needs tax returns, (2) needs brokerage statements.

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Tulip ********

no

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Jo **********

wrong answer

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Todd *********

they actually do.

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Todd *********

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Dawn **********

I had a weird situation with mine as I don’t need to file income taxes, so my last return was 2018 because of a sale of home (that did not get taxed). I wrote an executive summary explaining the paper trail. I gave them income documents from 5 years prior ( beginning and end of year statements) to show the history of non taxed money. They accepted it with no issue. The agent actually commended me on understanding my tax situation.

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Alex *******

ORIGINAL POSTER

@Dawn *********

awesome thank you for the info. i will also inquire with boi prior to filing the application.

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Alex *******

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Brandon ************

Someone posted that they just used their tax returns from the last 2 years, so anything that shows up at income there is fine. I'm not sure about the second one though.

You should ask the BOI instead of a bunch of random internet people. They're the ones who actually make the determination.

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James *********

@Brandon ***********

20 days or 20 business days?

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Dave **********

Remember you don't pay unless the Visa is approved. Online App is easy and BOI will let you know right away by phone or e mail if they need more info.

I asked BOI about one possible problem and was told to send the application in and then and only then could they decide. Turns out that was not a problem they needed clarification on another item. Fast Forward and 20 days later was scheduling a Visa Pick Up date.

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Dave **********

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