Hello everyone. I have a question about my TFSA account, forgive the ignorance, I'm still very new to this
I bought some stocks on Easy Equities and made a bit of a profit, however I traded in my ZAR account. No big deal, I can sell my shares and transfer the money across to my TFSA. My question is one of taxation: I made money on those sales, is it OK to just transfer the lot into the TFSA? Does my money only get taxed once it comes out of Easy Equities and into my bank account?
Do I even need to be worrying about this? Do EE just send you a summary at the end of the year that you file with your tax return? As long as it's something I'm allowed to do, that's fine.
PS: one last thing - Do I need to open a tax free savings account with my bank as well, or in the Easy Equities one sufficient?
PPS: We're just talking about a few thousand rand here. Does it fall under the annual R40 000 CGT exemption?