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Tezzarak

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Tezzarak last won the day on August 9

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  1. Thanks for this @SlimArchi Sorry if this is a bit of a thread necro. Is there anybody out there that could explain the figures for tax liability with a practical example of say the following scenario in a tax year: I earn ZAR 1 million from my normal salary. (Number chosen just for ease of calculation, I wish I made that Further, I earn ZAR 800k from US domiciled etf dividends (from let's say SPYD,VOO,SPHD,etc) and another 200k from REITs, (thus together totaling another ZAR 1 million). (From what I understand and have seen, because the US has a tax trea
  2. Good day. I am new to utilizing online brokers and have just now signed up with Interactive Brokers. How do the rest of you go about funding your account? Do you use places like ClickFx or do you do it through your bank via SWIFT (probably more expensive I take)? Also which currency is best to use? I saw that they had a ZAR deposit option, but ZAR is not available as a currency option when trying to do a SWIFT payment via my online banking platform. Thanks
  3. Thank you @Bandit This is exactly the information I was looking for.
  4. Thank you for the feedback. I have looked at Coreshares, and although their offering looks good, unfortunately they do not offer all the ETFs I'm after. Do you know if a 'ABSA stockbroker'/'etf only' account will give me access to those ETFs that I listed, or is also only limited to ABSA specific ETFs?
  5. Hi. Newbie here. Can anyone recommend a 'good' (credible, established) platform where I can buy ETFs that track the following indexes all in once place (NOT EasyEquities): MSCI World MSCI Emerging Markets S&P Global Dividend Aristocrats S&P Global Property 40 Index Another quick question : I get conflicting information online if the GLODIV ETF is for dividends paid over 10 or 25 years. (Or are there different types?) Thank you
  6. Hi Umbral Thank you for the response. I agree with what you are saying, but still don't feel I have an answer to my question : Let's say I did crypto trading and then I sold 80% of my crypto and took profits. I then decide to keep the remaining 20% in my wallet and want to keep them as capital investment moving forward - so I'm not trading anymore - It states in the tax guide that that this switching from trading stock to capital stock is allowed, if you declare all profits/losses up to that point of this "switch" (change of intent) as income revenue tax (ie trading stock). So l
  7. Thanks, I have read that article - and numerous others. Still looking for an answer regarding change of intent.
  8. Hi, I have a question regarding taxation and hope someone who has knowledge in this space could help answer. Let's say in one year I bought 100k worth of Bitcoin and then started trading with it, converting between various coins etc. Now afterwards I have a total worth of 2 million (For the sake of argument, let's say that it is confirmed that crypto to crypto transactions triggers tax events). From what I gather I will have to declare this trading profit as income tax of revenue nature to pay over (highest tax bracket - let's leave out other income for this discussion). Ok, so now
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