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Colin ******
This is a summary of
Colin ******
's contributions to the platform. They have posed 4 questions and added 179 comments.

QUESTIONS

COMMENTS

Colin *******
@Brandon ***********
thanks, but any rejections for only passive income? Some offices ask for far more than needed. Think they can be over zealous much of the time.
Colin *******
@Wannikea ********
hm... If everyone takes this advice then I guess we will never know what happens when an extension is requested.
Colin *******
Why would you want any amount in a Thai bank, other than immediate expenses for say a 4 week period?
Colin *******
Is there any hard evidence of someone being rejected with non pension passive income, or is it folklore?
Colin *******
Why would it need to come from a pension? Many folks have investments and or rental income, and no pension.
Colin *******
@Kenneth ******
thanks. I concur with the CGT on assets - probably best to sale if substantial CG. I'm not convinced with super especially if over 60 as it is tax exempt. My understanding is that it stays that way. The complication is if you have funds over $3m and atract the proposed additional 15% tax on a personal liability, I this this would still be taxable.
Colin *******
@Dave ****
yes indeed, and if your balance in an overseas account has gone up by $100k then they may well ask the source of those additional funds. Best to see how USA/UK ETC are making use of the data. Billions of extra tax revenue since the introduction of CRS, IMO