but you don't know that, do you? You can jump to conclusions after making assumptions for sure, but that is all you are doing. Who would have thought, a year ago, that a 5 year visa could be obtained with no medical requirements? Who would have thought same visa with zero reporting requirements. And just over half the funds needed for a retire visa, and not even in a Thai bank. It goes on. So yes it is unprecedented to say the least. In fact it turns previous assumptions about Thai visas 180 degrees on its head.
Paul in a way he may be correct and just giving you the noddy answer based on a need to know and easy to explain. How could he be right - well if he has actually analysed your total income from a Thai perspective assuming you are bringing the funds into the country, then maybe the UK tax load is higher than Thailand. Is so, the UK tax can be offset against the Thai tax and there could be zero Thai tax to pay. If the Thai tax was higher then you would have to pay the difference to Thai revenue. That's how nearly all DTA's work.
then your accountant is really not up to speed. Suggest you get one that actually understands international tax rules. Would you care to name your accountant so others may be informed?
all good. Now we all know that you are more than comfortable in making false statements and misleading folks with the proviso that it is buyer beware and no-one should take any notice of what you post without doing some serious research. All good, mate.
Ah, so now you rely on the finer points of a tie breaker in the DTA. Thus your original statement is just plain wrong. You really should edit it to state the specific circumstances where it is tax free in Thailand. The blanket statement , I think you agree, is misleading.
you are assuming less than 180 days in any calendar year in Thailand. If so, your original statement is rather academic. If you are over 180 days in Thailand then you become tax resident in both countries and the DTA states how various items are taxed. The age pension, as opposed to a work for the government type pension is taxable income in Thailand if the funds are remitted.
this is incorrect. Please check with a CPA. Andy as you are from Sydney you would know that Aussie age pension is assessable income in Australia and also in Thailand. Your income MAY be below the personal allowance for tax, and it may not especially if you have rental income for instance. To say, as a blanket statement, pensions are not taxed in Thailand is frankly just plain incorrect.
