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Messages - Bundu

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136
Shares / Re: Living off Dividends.
« on: October 03, 2013, 11:58:36 am »
Quote from: gcr on October 02, 2013, 09:47:24 pm
So what prompted SARS to do an audit on your shares. If one follows the e filing form what they ask for is the base figure and the selling price of stock and then CGT is calculated on the difference, less of course any carried forwards losses

I don't submit an IRP5 and I have various investments and also claim for a home office, so I can understand that they don't just take my word for it

137
Shares / Re: Living off Dividends.
« on: October 02, 2013, 07:31:59 pm »
when I still did my own tax on e-filing, I did all the calcs according to what I had decided and every year SARS wanted proof afterwards (like a mini audit) - I then supplied them with copies of my share transactions and a table indicating what I had bought and what I had sold when

138
Shares / Re: Living off Dividends.
« on: October 02, 2013, 06:57:40 pm »
I often buy the same stock in batches at different dates and when I sell some of them, I decide and tell SARS which batch or part of which batch I've sold - have not had hassles so far

139
The Investor Challenge / Re: Android App to track a share portfolio?
« on: October 02, 2013, 06:37:33 pm »
maybe this will work? http://tobykurien.com/my-jse-android-app/

Will try it tomorrow

140
The Investor Challenge / Re: Android App to track a share portfolio?
« on: October 02, 2013, 06:25:14 pm »
let's see if they reply to my email....... Oh, and thanks for nothing then  ;) :D



EDIT: DAMN! my email was returned as undeliverable  >:( :(

141
The Investor Challenge / Re: Android App to track a share portfolio?
« on: October 02, 2013, 06:08:22 pm »
Quote from: tgg78703 on October 02, 2013, 06:03:54 pm
No mine stopped working a while ago.

But was a gem till then, Thought I would let you give it a go, thought you might sort the problem out. :)

I will try and mail them to find if it still active

sneaky bugger you! :frustrated:
I've already emailed them - does yours also give a similar error?

142
The Investor Challenge / Re: Android App to track a share portfolio?
« on: October 02, 2013, 05:10:52 pm »
Quote from: tgg78703 on October 02, 2013, 04:53:06 pm
moneyweb has one where you can load your portfolio

just tried it and the "my stocks" tab gives the below error? yours working?

143
The Investor Challenge / Re: Android App to track a share portfolio?
« on: October 02, 2013, 04:56:33 pm »
thanks tgg :TU: Will download it and give it a try

144
The Investor Challenge / Re: Android App to track a share portfolio?
« on: October 02, 2013, 04:46:24 pm »
Quote from: jaDEB on October 02, 2013, 04:42:57 pm
I am with Sasfin, and you can actually check your portfolio on net + Phone. Uses Java .... you can also setup watch lists, alerts (I use that allot .. :frustrated:).

Sorry do not use Android as I like my phone small, will 1day get pad thingy........wife has 1....
thabks jaDEB  :TU:

not to hijack my own thread, but I used to be with Sasfin, but that was long ago - there was only phone trading and their costs were quite high

145
The Investor Challenge / Android App to track a share portfolio?
« on: October 02, 2013, 04:29:23 pm »
I've been using the Sharenet android app to monitor my private share portfolio for a couple of days now and it works quite well, as you can set up a Watchlist with various shares, that then gives you the Price and movement on a 15 minute delayed basis.

Are there other Android apps available that can do this and more importantly, where you can input the number of shares you own to give you a balance and daily movement of your total portfolio?

146
Shares / Re: Living off Dividends.
« on: October 02, 2013, 03:52:13 pm »
Quote from: Orca on October 02, 2013, 03:41:40 pm
Quote from: yossarian on October 02, 2013, 02:21:15 pm
Quote from: orca on Pulverized sandbox
I normally would have sold all by now but cannot as my gains have been too high and I still have a year and a half left to pay CGT instead of normal tax.

So, I guess you now agree with the various people on this thread?

Umm. Not quite, thank you for asking. My next prob now is this.
I have 3 shares that I have held for 1.5 years and 1 of them has grown overweight compared to the other 2. Now if I sell some of the overweight one and add to the other 2, does my "Purchase Date" start all over again?

on the other 2 shares? No, only for the newly bought shares I would think.
But your question has made me think if portfolio balancing could not be argued to trigger CGT instead of PAYE?

147
Shares / Re: Tax
« on: October 01, 2013, 05:51:09 pm »
Quote from: Moonraker on October 01, 2013, 02:55:26 pm
Quote from: Bundu on October 01, 2013, 02:28:17 pm
"same kind and quality" - I wonder how that can be determined?  :o
I'm sure you won't even get two analysts to agree on that
$9.7
The expression ‘share of the same kind and of the same or equivalent quality’ refers to substantially identical shares in the same company.
Thus a shareholder who held a class A ordinary share in ABC Ltd (a listed company) that was forcibly acquired under s 311 of the Companies Act 61 of 1973, who wishes to take advantage of para 42A, must replace that share with a class A ordinary share in ABC Ltd. In the event that the particular class of share is no longer in issue, the share would have to be replaced with one bearing substantially identical rights
In other words, unless what I have highlighted is the case, it must be the same share.

thanks! that would mean that this option is of very limited value to the average share holder

148
Shares / Re: Tax
« on: October 01, 2013, 02:28:17 pm »
"same kind and quality" - I wonder how that can be determined?  :o
I'm sure you won't even get two analysts to agree on that

149
Shares / Re: Tax
« on: October 01, 2013, 01:23:22 pm »
interesting Orca - I was not aware of that - In what document on which page can that be found?

That could come in handy if you want to move your gain into a new tax year....

150
Shares / Re: Tax
« on: September 30, 2013, 08:52:29 pm »
that would work - main thing is, when you sell, you gotta tell SARS the date that you bought the shares that you are now declaring and it has to be 3 years prior, or you will have to motivate that there was some problem that changed your long term intent, in order to not pay PAYE

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