Would the 800k be classed at taxable amount for foreigners residents?

@Stuart ********

an you recommend agent in Phuket?

@John *********

that’s sound advise… we plan to live off the proceeds ongoing for a few years we hope to live in our place in Thailand but go to Malaysia every 6 months at least for the first few years just to explore. But if we can avoid being Thai residents all the better for now. The income of around 25k wouldn’t raise that much tax in Thailand if any so it’s just to try and maximise our savings with little risk. Lucky we already purchased our house 15 years ago if we had to bring money in for that now assume we will be taxed

@John *********

Hi John thanks for reply you seem to get the complexity of the Thailand regs. Yes we plan to get full info from BOI it’s also good to hear your take on things on the ground too. The main issue we have is we will only have income from our house purchase, no fixed wages etc so although it is quite a bit we don’t want to bring it all to Thailand but in manageable amounts when we are there. Our option is to become residents and pay minimum taxes and spend the money traveling to Malaysia Singapore Vietnam etc but have a base in Thailand.

Paying the bills and insurances perhaps we can pay from U.K. to Thai healthcare insurers etc… then we only really need bare minimum expenses for food etc?

We are planning to move to Thailand from U.K. and already own a house in Thailand looking at the “wealthy”long term retirees visa. Does anyone know if you pay tax on sale of a property (no capital gains apply in U.K. as it’s our main residence.

We will need to bring in around 1 million baht a year to live on and house hold expenses. Included would be state pension of £10,000 tax free in U.K. so under double treaty no tax either.

If we buy any funds into Thai bank we will be taxed on as savings or does it not count as there was untaxed already in U.K.

our other option is not to stay in Thailand for 180 days and spend time traveling to Malaysia etc.

Good thing about this visa is we can apply for 5 years stay and get tax benefits

Thanks

@Paul ******

do you have address for Blue tree office?