Share Forum - Discuss JSE shares and join the Investor Challenge

Quote from: Patrick on July 02, 2013, 06:15:50 pm

Quote from: Moonraker on July 02, 2013, 05:29:20 pm

Yes, the collective schemes investment act means that the UT's don't pay CGT, but as a holder you need to pay CGT when you sell units applying weighted average cost.

Any idea if you'd get taxed as a trader for selling unit trusts before the 3 year period is up? My UT has recently upped the fees and I'd be much happier putting those funds into ETFs.

Oh oh, a difficult one. I have never been a UT investor, but would venture to say, seeing that all the trading is done by the UT management companies, one would not get taxed as a trader.
Anyone ?

I would think, that as you have a valid reason for selling, i.e. not taking profit, you could get by not being classed as a trader

We don,t loose 20 or 13 %, that is our part to finance the powers that be 

I am comfortable being a trader and follow the various market segments, If I was an investor, i would put my my money in a fund, either unit trust or maybe satrix ind. and just sit back and relax.

But the share market is my hobby, like riding bike is to some people

the other point one can make, is that if you are against the trader option, you only have "new Money" available for opportunities that might crop up

.... and some of us have trading AND bikes as our hobbies

I got the same email, how about we move tax to it's own thread.

good idea 

Ah that number was my addition. I was under the impression that it was 25% of the capital gain would be added to your income. Meaning a max of 10%. Do you have a sars link?

http://pghaccountants.co.za/tax-budget-speech-summary-20122013/
and
http://www.moneywebtax.co.za/moneywebtax/view/moneywebtax/en/page34677?oid=65832&sn=Detail

Quote from: Bundu on May 09, 2013, 06:58:33 pm

yip..... and in the past 6 months, only R130k of their shares have been traded - 6MONTHS!

I have an order on to sell some of my Cashbuild shares and the price asking is R 135 (currently R 122.80) but during the auction someone purchased 2 of my offered shares - why I don't know but whoever it was made my sale hugely expensive as I got R 270 but incurred R 92.70 as a minimum brokerage charge. So yes there are some very stupid operators out in the market, who don't look at the all in costs before doing a deal

that actually happens quite often in many shares - I think it's people manipulating the price to get it to move in a certain direction, so that they can buy or sell larger lots, then that small trades cost is insignificant, if they have managed to move the price and expectation of other buy/sellers - happens more with illiquid shares though

I don,t think a vote is needed about keeping a portfolio private, just add up the private vs non private portfolios and the majority wins.

This is after all just a game, it is not that there is money to be won. It is about broadening your horizons and helping each other gain more insight into investing.

So how is a private portfolio going to help

I agree +1

tgg78703 - if you were a seller of tcs you would argue that the real value of the company is 3 cents. Last week there were buyers for Alert Steel at something like 14 cents and sellers in the 60 and 70 cent range - what was/is the real value of Alert. Both are speculative shares so one will often get wide bids/offers prices and that the fund of have some spec shares in ones portfolio (real portfolio not this competition portfolio) that if your punt does come off you can make significant amounts of money, but you need to limit such spec shares - I limit my spec shares to 3 to 4% of total portfolio

If you're a seller, surely you can only sell to the available buyers - works the same when you try and sell ANYTHING.
If we go the tgg78703 route, which I agree with, the seller still gets the benefit that the specific buyer will take ALL his shares at that price, which mostly is not the case when you sell larger lots of shares that don't trade a lot