Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Topics - conradl

Pages: [1]
1
Shares / VGK ETF (internal taxes)
« on: April 25, 2022, 05:51:17 pm »
I have scrounged the internet and havent found the answer.

I have an interactive brokers account with the dual tax treaty of 15% on dividends. Does anyone know how Vanguard handles the tax of the Europe ETF (Germany tax rate: 26% and other european countries with varying tax rates)? I suspect i get taxed double and it would be better to just own the Vanguard ETF equivalent in Euro terms.

CL

2
Shares / Tax - Foreign Investments
« on: July 20, 2016, 09:50:52 am »
I'd like some understanding if some of you can enlighten me please.
1. I have a Webtrader account with Standard bank.
2. I have shares in the USDollar account as well as the EUR account.
3. I have paid 15% tax on the dividends received in the USD account and 30% in the EUR account which is reflected correctly on my IT3b for the two accounts.

On the e-filing where you complete the foreign dividends and tax credits (4112), I've added the values as per the statements. When I do a simulated calculation, the SARS calc shows that I have a foreign dividend profit and i will be taxed on that.

- Isn't this a form of double taxation? Or am I misunderstanding how this works?

Conrad

3
Shares / TFSA vs Homeloan
« on: February 28, 2016, 07:49:17 am »
Hi Guys,

I have an interesting scenario. I need to decide whether I put 30k into the TFSA for my wife or our homeloan. If I put the 30k in the homeloan, the interest component is reduced by R300 (which is reducing but quick calc is about R2800 p.a) which has a significant compounding effect over the lifetime of the loan. Whereas a 3.7% dividend yield (equates to R1100 p.a.) and the hope that the DIVTRX (I want to take advantage of the 15% divvie tax exclusion) does not come close to the interest saved, one must hope that the Divtrx does the growth part. I'd reinvest the dividends back into DivTRX. So this is a principle of negative compounding (paying less interest) vs positive compounding (divvies and share growth). Is there anything I'm missing thinking that makes my argument invalid? SimonB makes it sound like a no-brainer but I dont think it is as simple as that if you have a homeloan?

Your input is much appreciated?

Conrad

Pages: [1]