Gifts
Tax Advisory Disclaimer
The information on this website is for informational purposes only and is not professional tax advice. For full details, please consult our complete Tax Advisory Disclaimer.
If you are benefitting from the money transferred in then this is still remittance. If you are not benefitting then this is a gift.
Only if it is a gift with no benefit for yourself and you never to benefit from this money. Otherwise it’s a gift with reservation of benefit and its not a gift. I don’t recommend this strategy if you will benefit.
We recommend that you gift the assets overseas and draw up a gift document with a lawyer in the juridiction you gift the asset. Then get this notarised, and translated into Thai and kept on file. Also you cannot benefit from the gift at anytime in the future.
