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"There are two key parts to this. Firstly, it means that the 15% dividends withholding tax that is applied to dividends paid out by ordinary shares does not apply to distributions from REITs.  Instead they are included in the recipient’s taxable income with no exemptions. So the full amount is taxed at the shareholder’s normal tax rate." http://www.moneyweb.co.za/uncategorized/reit-investments-and-tax/

Yes, Patrick. The way I understand it is the full amount, i.e. the recipient's taxable income for the year including dividends from REITs, is added up and taxed at the shareholder's normal tax rate.

Does the taxman deduct the normal tax rate for every trade? If he did, and I traded 10 times in the year, then I would pay 130% tax. I'm under the impression, as a provisional taxpayer, that all my profits and losses get added up at the end of the year, added to my other taxable income including divis from REITs, and the total taxed at my normal rate. I am fairly positive I am correct.

Hey Bread, the taxman only takes 30% of your profits when ranking you on the leaderboard. No money is actually removed from any accounts. In theory though, i should take give you 15% more cash for your REIT dividend, and then subtract 30% of that on the leaderboard only.

Almost, at year end we shoud tax the reit divvie 30%, but for now we can fix it manually by adding another dividend of 0.203 * the original dividend to the REITs.

Mr P down another 6%

Nice, your big b@lls is in isle 5 behind the shirts

I too bought MPR with my Sept allocation in the competition and in my real portfolio am trying to sell some shares in other companies to enable me to buy more MRP - so far their drop has cost me +/- R 138,000 in profits. I have no doubt they will return to previous prices - it may just take 6 months or so

ALso bOughT MrP with SePt ALOCatiOn iN Compt.