“so, do you mean.... if i have 100k invested pre 2024. 10k was unrealized capital gains pre 2024. and capital gains from 2024 was say 20k. if i sell all and remit to thailand in 2024 the asessabile parts would be the 10k + 20k for thai personal income tax? .
when you said to "reset" it was something you did priot to 2024 because to reset now would not make any difference in terms of thai tax when remitted.”
I think you are misunderstanding. (Or I’m misunderstanding you) I did the reset recently, I’m not currently tax resident, but will be in 2025. (I will also bring on enough money to bridge me trough next year before NY, so I don’t have to pay tax until 2026, but different subject i guess. Anyhow:
By selling/rebuying before becoming tax resident in Thailand, you reset capital gains to zero. As you realized them and re-invested. Only gains from that point on would be taxable when remitting to Thailand in the future. (CGT reset)
- so say you sell and rebuy right now. (Assuming not yet thai tax resident) Now your capital gains is zero from Thailand perspective.
- in 2025 you make 10% gains
- you sell some of this and remit into Thailand while at 10% gains (since reset) Say 1 million baht.
- now only 10% of this was actual gains. (10% up from start price) So you only calculate tax against 100k baht. Which is zero % (0-150k is 0%). So zero tax on 1m baht remitted if gains are 10%
in your example you have total 30k capital gains. But how much is the % gains from your total holdings? (%gains from original purchase price) Even if its 30k, if thats only 10% of total holdings, you calculate tax based in 10% of the amount you bring in.