Brett Evans

Previously they had laws like they only taxed you on interest and income earned inside Thailand.

So you can have your self-managed super fund or super fund sitting outside of Thailand drawing income from it and they wouldn't tax you.

That's all slowly changing.

It hasn't negated Thailand as an appealing destination, but whether you choose one or the other depends on what you own.

So coming back to the example I provided before, if they had a principal place of residence in Australia...

and as let's say, you know, most folks now are sort of two or three million is the norm, which still boggles my mind, then you'd want to stay tax resident of Australia, because otherwise you lose that tax-free status.

As soon as you become a non-resident of Australia,

you lose the main resident exemption and that property defaults to becoming an a income property so and if you decide to sell that overseas you'll pay tax all the way back to data purchase which is huge so yeah if you're someone who doesn't own any property in australia then you're probably better off being a non-resident out of thailand because you can build a share portfolio in australia

capital gains tax-free plus super.

I don't know.

There's a lot of things that sort of tentacles that go in that direction.

DCA works best

while you're an expat.

Right.

You know, we always say you want to accrue wealth in the country and tend to return to retire to because one of the key risks that expats face is currency risk.

Yeah.

So if you think about it, you know, you spend five years in the UK.

and you accumulate all your wealth in sterling, you're hoping and praying that the sterling will be the strongest on the data you're going to monitor.

Who knows?

It means currency risk is such a huge thing and volatility is massive, even more than equity markets.