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ThaiPauly

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Would that mean that I would have to pay tax in Thailand on the property I own and  rent out in the UK?

 

I already pay tax on this as the rental income exceeds the 11,600 pa, the base rate for paying income tax.

So would I have to pay tax twice?

 

I am confused !!

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13 minutes ago, ThaiPauly said:

Would that mean that I would have to pay tax in Thailand on the property I own and  rent out in the UK?

 

I already pay tax on this as the rental income exceeds the 11,600 pa, the base rate for paying income tax.

So would I have to pay tax twice?

 

I am confused !!

You should not have to pay tax twice on this income.

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59 minutes ago, ThaiPauly said:

Would that mean that I would have to pay tax in Thailand on the property I own and  rent out in the UK?

 

I already pay tax on this as the rental income exceeds the 11,600 pa, the base rate for paying income tax.

So would I have to pay tax twice?

 

I am confused !!

This would be covered in the DTT .

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19 hours ago, simoh1490 said:

Some inputs:

 

Here's the actual Thai tax code in English: http://www.rd.go.th/publish/37748.0.html

 

Regarding pensions: by means of tax treaties, the UK and US both disallow other countries from taxing Social Security and State Pension payments.

 

Number 8 on the link: refers to non-taxable income by virtue of non-residency (<180 days). 

 

Looking at the UK summary of the double taxation treaty, it seems crystal clear that "there is no relief for state pension" (as opposed to government pensions).

 

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/538047/Digest_of_Double_Taxation_Treaties.pdf

 

5a0d2f06c9b12_Fullscreencapture16-Nov-1711605PM_bmp.jpg.13ff972cb3072a0b5e1edcac8909af6c.jpg

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35 minutes ago, orientalist said:

 

Looking at the UK summary of the double taxation treaty, it seems crystal clear that "there is no relief for state pension" (as opposed to government pensions).

 

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/538047/Digest_of_Double_Taxation_Treaties.pdf

 

5a0d2f06c9b12_Fullscreencapture16-Nov-1711605PM_bmp.jpg.13ff972cb3072a0b5e1edcac8909af6c.jpg

I see what's written there but something's not quite right somewhere, I am certain that UK state pension cannot be taxed by other countries - I shall need to do some research on this and will come back.

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2 hours ago, orientalist said:

 

Looking at the UK summary of the double taxation treaty, it seems crystal clear that "there is no relief for state pension" (as opposed to government pensions).

 

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/538047/Digest_of_Double_Taxation_Treaties.pdf

 

5a0d2f06c9b12_Fullscreencapture16-Nov-1711605PM_bmp.jpg.13ff972cb3072a0b5e1edcac8909af6c.jpg

According to the HMRC , the state pension unlike occupational pensions is not derived from employment , and thus not an employment derived income , for double tax treaty purposes. 

It is unclear to me , under thai revenue code which part if any of the assessable income it falls within.

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On 16/11/2017 at 2:02 PM, simoh1490 said:

I am certain that UK state pension cannot be taxed by other countries

 

With some exceptions (notably EU membership) other countries can basically tax what they like how they like. That is how sovereignty works and it's not up to the UK to decide what other countries do. DTTs are designed to moderate the effect of this.

Edited by KittenKong

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On 16/11/2017 at 1:24 PM, orientalist said:

Looking at the UK summary of the double taxation treaty, it seems crystal clear that "there is no relief for state pension" (as opposed to government pensions).

 

This is true but if you are taxed in Thailand on your UK state pension then you can apply for foreign tax relief in the UK, so normally you will not be taxed twice on state pension income. There are two ways of applying for foreign tax relief, depending on whether you are UK non-resident or not.

 

https://www.gov.uk/tax-foreign-income/taxed-twice

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6 minutes ago, KittenKong said:

 

With some exceptions (notably EU membership) other countries can basically tax what they like how they like. That is how sovereignty works and it's not up to the UK to decide what other countries do.

Yes I've been looking at this aspect very recently and you're right, for some reason, I'd got it into my head that US and UK state pension/social security payments were not allowed to be taxed by other countries. I think in part my misunderstanding comes from the UK where tax treaties forbid the US to withhold tax on SSc payments paid to UK resident citizens who are ex-US green card holders, aka, moi!

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