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wordchild

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About wordchild

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  1. I know of one oldish condo in the ploenchit area where the site land value is almost certainly very significantly above the collective market value of the individual units. A friend of my owns a small condo there and would love to buy another ,larger unit, but it’s proving very difficult. The main reason, as he discovered, is that the original developer (controlled by a wealthy Thai family) is prepared to buy any unit that comes up for sale in that building. I know of another,somewhat newer condo , in the Asoke area , where something similar is also happening. A party with links to the original developer, again a wealthy Thai family, is prepared to offer a guaranteed minimum price to any owner who wishes to sell. Clearly , in both these cases, some inside money is suggesting that the land value is not being fully reflected in the price of the indevidual units. And they seem to be prepared to take a long term view about how this might be realised.
  2. Chuvit Garden near Asoke

    A hotel is what he wants for sure, he has some experience of this. Though most likely, given the location, he will want to work with an international branded group this time. I was stalled in traffic right outside today and ,now they have pulled some of the perimeter wall down , you really notice the really beautiful trees ! Given the size I would guess most of them have been there some time, including the period during which it was a night market/bar area. I would guess there will be protest if he starts to fell these, but then maybe he will just have them removed after dark as he did with the many small businesses that used to occupy the area before.
  3. you can do all the above and get a standard 5 year driving license, Thai Elite will even send someone along with you to sort everything out, and speed everything up; as I remember first time this service is free but 2nd time have to pay,
  4. A barge with a very very long pole comes to mind.
  5. Reccomendations of UK shipping companies

    The key people really, are the the agents who will handle things at this end, deal with Thai customs etc. Packing up and shipping from the Uk is a pretty straightforward process, and there are many to choose from, and they will all do that part of the job fine: whoever you go with will need to work with a Thai agent to handle things here. I did things slightly the other way around. From what I had heard there was really only one agent ,here , that I wanted to use and that was Transpo/ Asia Tigers. So I started there, went to see the head of inbound and asked her who she would suggest in the U.K. She had quite strong views as to who was good, and bad! And gave me, as far as I remember, 3 names that she felt would do the job well, and I ended up choosing one of them. If you know who you you are going to use at the Thai end maybe go talk with them, see if they recommend anyone.
  6. Jan 1st 2019, that should be safe.
  7. There would be no Thai tax liability,in any event , as long as the OP held the pension encashment proceeds offshore (ie outside Thailand) until ,at least ,1st January of the year following the encashment. Any transfer in after that date would be regarded as a transfer in of capital rather than bringing in current year income.
  8. Pace properties, the developer of the, Ritz Carlton and MahaNakhon, just had a red flag raised within its latest auditors report. The shares were briefly suspended because of this. It maybe fine and all work out, ( they promise a new equity investor) but, this essentially is a pretty small company which has highish debt and significant future obligations, and there are some legitimate questions to be asked about the future assumptions the company has made. This is pretty much what the audit report has suggested. A word to the wise, exercise caution!
  9. Irish nationality has a significant advantage, when compared to many, which is that it can be passed on through the generations without limit, no matter where the birth takes place. E.g. A full UK national living in Thailand can pass on their nationality to children born in Thailand. However , this can only happen once, and subsequent generations, if not born in the UK , will lose the UK citizenship. For Irish citizenship there is no such restriction, and, in theory , this can go on for generation after generation .
  10. Probably because he has a QROP, I think he mentioned before. but most onshore UK pension funds cannot pay gross to Thailand as there is no tax treaty that covers most kinds of UK pensions. If you have moved your pension offshore then, in effect, it can be paid gross to you in Thailand; subject to the requirement not to bring in current years income in order to avoid a Thai tax liability. so hold the funds offshore until January 1 every year, then you can bring in tax free.
  11. no CGT as an expat, as long as you stay an expat and not return to the UK for the required period.
  12. Not true! E.g. No additional tax on U.K. Dividend income if not U.K. Resident. Property income ,broadly speaking, is still taxed; dividends and bank interest not. I will leave you to google the rest, yourself.
  13. What is the point of an ISA if you are an expat?
  14. I am sorry but this is just nonsense. Banks can "legally" have customers anywhere, however they are subject to the same rules and regulations all financial institutions are these days ie they have to be able to demonstrate procedures and checks which are designed to stop criminals and terrorists from moving money around. I have 2 accounts with Lloyds one onshore (city of London branch) and one isle of man account which i opened when i first became an expat (20 plus years ago). i have always used my main home address in Thailand (since i have lived here) and never had any problem with either account. As was mentioned above Lloyds will send cards to Thailand only via DHL these days and will charge you (around 8 pounds) every time they do that.
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