Sam ********
This is a summary of
Sam ********
's contributions to the platform. They have posed 2 questions and added 88 comments.

QUESTIONS

COMMENTS

Sam *********
@Daniel ******
yes this is the current situation and thailand may only tax money remitted to thailand. it is proposed that they will tax globally like many other countries already do. i think it is unlikely but it is being talked about now and may happen.
Sam *********
@Daniel ******
global tax is not in refference to the 180 days rule of becomming resident, it is about what income is taxable once resident
Sam *********
by global tax we mean that thailand may tax any overseas income in the future, rather than thai income or income remitted to thailand which is what it is now.
Sam *********
uk investments for non-uk tax residents are not taxed so many wont have tax paid. in this case the CG would be taxable if remitted to thailand. agree unlikely to get caught but also dont want the possibility. i plan to be non thai resident every few years and transfer a few years living expenses from uk in that year. take a 6 month holiday from thailand every few years....
Sam *********
@Daniel ******
thailand does not tax global income. for now it is still a territorial tax system.
Sam *********
yes,i had cash (not taxable) and investments that are seperate and would be taxable when sold assuming i remit money to thailand
Sam *********
i have an account there but not transfered yet, but as far as i know as a non-uk resident (based on days with the SRT) my uk investments are not taxable (unless its property)
Sam *********
ok, thanks. will submit. luckily i had 5 years worth of living expenses sat in my uk bank end of 2023
Sam *********
@Graham ******
property is different in the uk and taxable for non residents, but dividends, or cgt from selling stock etc is not taxable for non-residents as far as i know (and have called hmrc twice recently to confirm thsi)
Sam *********
so i need to submit a tax return to tell them i am transfering non assesible income (earned prior to jan 2024)?