Share Forum - Discuss JSE shares and join the Investor Challenge

Platinum prices that were lower than gold in April, when bullion entered a bear market, cost 11 percent more on July 15, the most in almost two years. The current 8.6 percent premium will expand to an average 19 percent in the fourth quarter, according to estimates from the five most-accurate precious metals analysts tracked by Bloomberg over the past two years. Investors own a near-record amount in platinum exchange-traded products as gold holdings slumped to a three-year low.
The improving global economy is boosting car sales and demand for platinum used in autocatalysts as falling supply curbs output from South Africa, the top producer, to a 13-year low, leaving a shortage. About 60 percent of platinum demand is from industrial applications, compared with 10 percent for gold. Bullion prices are heading for the first annual drop in 13 years as investor demand wanes.

While I'm on the subject of Donations Tax. A while back when I was more ignorant on tax matters, I thought I was clever by donating half my stocks to my wife to divide my tax burden. This can be done tax free and even my broker was about to transfer the stocks when I found out that it would not work.
According to SARS, any profits made on this donation will still be for my account. Not my wife's.

Transfers of assets between spouses for the purpose of tax avoidance may result in the capital gain or loss arising in the hands of the transferee spouse being attributed to the transferor spouse under para 68.

[email protected]
1.What does roll-over mean and what assets disposed of are subject to roll-over relief?

Where assets are subject to roll-over it means that a CGT liability does not arise upon disposal but is rather deferred until a subsequent event to the extent that proceeds from the disposal are invested in a replacement asset. In the case of transfer of assets between spouses, the spouse disposing of the asset is treated as having disposed of the asset at an amount equal to its base cost and the spouse receiving it is treated as having acquired it at a cost of the same amount.

Assets disposed of under the following circumstances are subject to roll-over relief:

1. Involuntary disposal of certain assets under certain circumstances (Para. 65)

2. Reinvestment in replacement assets, under certain conditions (Para. 66)

3. Transfer of assets between spouses (Para. 67)

Paragraph 67(1)(a) provides that the disposing spouse must disregard any capital gain or loss when disposing of an asset to his or her spouse.
13.3.3 The transferee (acquiring) spouse
Paragraph 67(1)(b) ensures that the spouse to whom an asset is disposed of takes over all aspects of the history of the asset from that person’s spouse and where applicable, from the executor of the deceased estate of that person’s spouse,494 namely,
• the dates of acquisition and incurral of expenditure,
• the expenditure incurred,
• the currency in which the expenditure was incurred,495
• the usage, and
• any amount received or accrued in respect of the asset that would have constituted proceeds on disposal of the asset had it been disposed of to a person other than the transferee.496
494 Paragraph

A bit more Rand strengthening and then it will be a good time to add.

Quote from: Moonraker on July 25, 2013, 12:44:31 pm

SAB drops sharply after trading update for ¼ ended June 30th. SABMiller Quarterly Sales Miss Estimates on Wet European Weather

SENS

Good time to add - your views...

Moon. Gimme info. I know nothing about hedge funds or anything for that matter.

A "devastating" market crash can only come out the blue like in 2008 with the Lehman Bros fiasco. We sailed through the Greek saga and Fiscal Cliffs etc. There are no crashes in sight. We had a good year and everything is improving.
This thread should have been called "Market Correction. When ?".