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Off topic / Re: Live chat
« on: January 19, 2017, 09:57:14 am »
There's a Ford Galaxy Note 
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Orca
168
Off topic / Re: Live chat
« on: January 09, 2017, 11:47:10 am »
Your siren's sounding a little sick, jaDEB 
171
Off topic / Re: Live chat
« on: September 02, 2016, 01:26:34 pm »Yes, Bread that is correct. Code 4238 on the tax return. Treated like local interest.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.
Thank you, Moonraker.
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Off topic / Re: Live chat
« on: September 02, 2016, 06:40:59 am »
I'm not 100% sure but it would seem to me that the ETF shouldn't make any difference. No matter how the REIT divi is packaged there is still no tax and any institution that claims otherwise is probably taking it for itself, similar to what ABSA Stockbrokers do.
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Off topic / Re: Live chat
« on: September 01, 2016, 04:29:44 pm »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.
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Off topic / Re: Live chat
« on: September 01, 2016, 06:28:49 am »
OK, so if we're on the same page..........no tax is taken off from REIT divis ever, other divis are taxed at 15% when they're added, no tax is taken when I sell at a profit during the course of the year, but the final tally of all profit for all trades is taken off at 30% at the end of the year. Correct?
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Off topic / Re: Live chat
« on: August 31, 2016, 04:23:22 pm »
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.
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.
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Off topic / Re: Live chat
« on: August 31, 2016, 10:54:01 am »
No, Patrick. You must only take off the 30%. Not the 15% because its a REIT.
Are you taking off 30% per trade, on selling, or at the end of the year?
Are you taking off 30% per trade, on selling, or at the end of the year?
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Off topic / Re: Live chat
« on: August 31, 2016, 08:36:41 am »
In the Investor Challenge, is the divi added after the 15% tax has been deducted? Because a divi paid by a REIT, in my case Resilient, is not subject to the tax.
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Off topic / Re: Live chat
« on: August 29, 2016, 01:05:54 pm »
I dunno. Where there's smoke there's fire. And every time there's bad news about it the financials will take another knock. And Spar 