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Jim *******
This is a summary of
Jim *******
's contributions to the platform. They have posed 4 questions and added 1392 comments.

QUESTIONS

COMMENTS

Jim ********
@Colin ******
Depends on the immigration office. Some insist the funds come from a pension or Superannuation fund. CW doesn't ask for it, but I always take my annual statement *just in case* they have a change of policy!
Jim ********
@Sefton *******
The key word is "taxable" not "taxed" which is a big difference. As I've said, I can get certification from an Australian tax lawyer that my transfers are from savings accumulated prior to 2014 (when I retired) as well as this sole tax residency in Australia. I'm fine because I refused to entrench myself in Thailand. I have nothing in Thailand other than a bank account, a 12-month lease and a 12-month temporary extension of stay. In Australia I have five rental properties, a shared portfolio, a permanent home, superannuation fund, five bank accounts, four credit cards, driver's licence, electoral roll. That's a pretty big imbalance, and goes down to section 3 (c) of the DTA under economic ties. I think you'll find I am sitting pretty.
Jim ********
@Sefton *******
I wouldn't be placing too much value on this guy's comments. In other groups people are already complaining that he charges way over the top and gives very ambiguous answers, but pushes continually for their business, and you can see why with what he charges for simple tasks. I've had advice from my tax lawyer in Australia that most countries around the world are not interested in pensions and superannuation because of the complex issues involved. It's not cut and dried. He's happy to certify that my superannuation contributions ceased several years ago, and that all funds are "savings" except for the interest component, in which case you transfer only from "savings" (accumulated well before 1 January 2024), and leave "interest" in Australia. Further, he advised getting a Certificate of Tax Residency from the Australian Tax Office, which certifies Australia as the sole taxation point for ALL worldwide income. This certificate can simply be presented to the Thailand Tax Office in lieu of a tax return

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Jim ********
@Jim *********
I'm not actually talking about the visa, I'm referring to the 800k which suddenly arrives in an expats bank account, and a few days later just as suddenly leaves. There may well be a "please explain" as to the source of this money, and whether it will be classified as "income". Good luck proving tax has already been paid on it!
Jim ********
@Sinsupa *******
No. The only requirement is 90-day reporting
Jim ********
@Jim *********
Keep in mind the cost of a dodgy agent visa might go through the roof with the changes to taxation in Thailand. The applicant might well have to pay tax in the 800k which suddenly arrives in their bank account. This will be around 45,000 baht. I doubt the agent will pay this 😆
Jim ********
@Sinsupa *******
A non-O visa expires after 90 days. You then go to immigration and get a 12-month extension