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1st discovery - my Discovery medical aid premium went up by a whopping 19%
2nd discovery - using my Clicks card at NuMetro to pay for a ticket actually costs R5 more on a Wednesday 

Same problem as yesterday, Patrick. Investor Challenger price for TON shows 13171 when it should be 13350.

That's weird. Google/finance says TON hasn't gone below 13250, with a high of 13350, between 0900 and 1200 today yet My Holdings shows it at 13171. Anybody know why?

  Orca

Ront 13.97

Quote from: Bread on September 01, 2016, 04:29:44 pm

Quote from: Patrick on September 01, 2016, 07:48:43 am

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.

Patrick, in real life the REIT divi is never taxed. That is the attraction. It is only added to the total profits for the year and THAT amount is taxed, not the divi portion on it's own. Otherwise, there would be no point in establishing a Trust, let alone a Real Estate Trust. The dividends, or profit distribution, from a Trust are not taxed.

Yes, Bread that is correct. Code 4238 on the tax return. Treated like local interest.

Thank you, Moonraker.

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.

Patrick, in real life the REIT divi is never taxed. That is the attraction. It is only added to the total profits for the year and THAT amount is taxed, not the divi portion on it's own. Otherwise, there would be no point in establishing a Trust, let alone a Real Estate Trust. The dividends, or profit distribution, from a Trust are not taxed.

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.