And a family member dies will I have to pay inheritance tax?
Answer summary
The question pertains to whether retirees in Thailand on a Non-O visa will incur inheritance tax if a family member passes away. Responses indicate that inheritance tax depends on the jurisdiction of the deceased's estate, particularly highlighting potential obligations linked to UK tax law. It is advised that the situation can be complex, potentially involving marital status and location of assets. A qualified financial adviser offers to discuss details further for accurate guidance.
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Neil *********
Hi Dan. It depends on where the assets are and also your marital situation. Its a lot more complicated than these albeit well meant comments are. I'm a 26 year qualified financial adviser who lives and works here so I do actually know what im talking about. Happy to have a chat offline to point you in the right direction
your home country is more likely to tax it if that's where your relative died. Inherited money is only taxed if you bring it into Thailand and is over 100 million baht