Question 1

What if you moved to Thailand, became a tax resident, obtained a Tax Identification Number (TIN), but then returned to Australia or stayed in Thailand for less than 180 days before going home for a year? If during this period you sold your home and then returned to Thailand later, would the sale of your home be taxable? Also, if you have a TIN and become a non-tax resident, earning foreign income and returning to Thailand in another calendar year, is the sale of your home considered taxable income?

Chas Begley · Accepted Answer

You can have a TIN and not be a tax resident in a following year correct.

Question 2

I am currently living in Australia and planning retirement in Thailand. If I sell all my assets in Australia and send the money to my Thai wife's and my own bank account in Thailand one year before I actually retire and live there, am I subject to tax? I will be sending all my money at one time, no income just cash?

Chas Begley · Accepted Answer

Before remitting large sums of money, please seek advice and a consultation before acting. In principle if you are a non-Thai tax resident, you can remit the assets to Thailand as a non-Thai tax resident, or just keep the money in an account in Australia. This can be remitted in the future as the ‘crystalisation event’ took place when you were a non-Thai tax resident. I recommend that you seek advice and clarity before acting.

You may find our webinar on the Thailand-Australia Double Tax Treaty useful; you can watch it here.

Tax Filing Deadline: April 8th

Thai Tax Residency

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