UK/Thai Tax advice
Heya,
Does anyone know of a dual-country tax advisor specialising in UK/Thai tax for expats?
I've got a bit of a weird situation around a windfall I'm likely to receive and would like professional advice/documentation.
I worked for a UK company prior to coming to Thailand to live - At that point, I found an employer in Thailand that then formed an outsourcing agreement for the UK company, and I fill that role.
After moving out to Thailand, I was granted an unapproved options stake in the UK company. This was a year or so after moving, so I was non-tax resident in the UK at this time. The agreement is directly between myself and the UK company.
On an exit event I am unsure of where (if anywhere) my tax liability lies.
I am fairly confident that my UK tax liability is nil, as all work in the relevant period was outside the UK and while non UK tax resident.
I am less sure on the Thai side - The current "rule" as far as I can tell is that foreign source income NOT remitted to Thailand is untaxed. The payment would be from a UK company to a UK bank account. In the most favourable reading, it would effectively end up being untaxed.
However I am unsure whether this would actually count as "Thai source income" and be taxed as any other income would be, regardless of whether it ever enters Thailand.
I would obviously prefer the former, but NOT if it in anyway contradicts the actual tax law in either country. I'm fine with being Jimmy Carr, I'm not fine with being Wesley Snipes.
Anyone have any input, or a recommendation for someone (preferably in Chiang Mai) to hire for financial advice ahead of any exit event?