1201
Off topic / Re: Live chat
« on: February 17, 2015, 09:03:38 pm »
MACD for CML made a Buy signal but this was not confirmed by a good body green candle today. 
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1202
Shares / Re: Budget speech 2015
« on: February 17, 2015, 01:04:11 pm »
CGT up to 45% from 33.3%. Perhaps as high as 50% that will put us on par with Canada that has the highest CGT (citation needed).
1204
Off topic / Re: Live chat
« on: February 15, 2015, 11:00:12 pm »
Looking at buying property here and keeping the rest in SA as I don't know the markets in the EU.
1205
Just listen to XXXX. He is our tax expert here. If you can prove Intention then good for you. It can be a shlep but can be done. My post was the normal way using section 9C that SARS cannot or should I say WILL not deny you of accepting your gains as CGT if held for 3 years minimum.
1206
If you read my post above again, you will see that if you hold the UT for 3 years, it will be CGT and not Income. CGT has an exlusion of R30K that you deduct from your total gains in the UT. This does not include the normal deduction from PAYE.
1209
Yes. If you made a profit of R30K and sell all, you must add the R30K to your other income as SARS sees it as Trading Profit not unlike as if it was profits from a business you run.
Had you held for the 3 year term that section 9C of the ITA states, you would pay no tax as the exclusion is R30K.
If you are going through with this then make sure that you get your base cost correct with the proof of cost as SARS WILL ask for it.
Had you held for the 3 year term that section 9C of the ITA states, you would pay no tax as the exclusion is R30K.
If you are going through with this then make sure that you get your base cost correct with the proof of cost as SARS WILL ask for it.
1211
Shares / Re: 2015 Thread
« on: February 09, 2015, 11:24:11 pm »
More than 37 percent of the announcements in January originated from the nation's No. 1 oil-producing state -- Texas. Mine Yucel, head of research at the Federal Reserve Bank of Dallas, said last month that 140,000 Texas jobs directly and indirectly tied to energy will be lost this year if oil stays near $50 a barrel.
Bloomberg.
Bloomberg.
1215
Shares / Re: 2015 Thread
« on: February 03, 2015, 09:48:02 pm »
I'm not into oil and metals but my concern is this.
The US has stopped operation on 94 oil rigs so far due to the price of crude oil. I don't want to even know how many shale oil Co's have stopped operating due to the cut even cost of $70 a barrel.
Now this will have a severe impact on the Unemployment Figures at next count. This coupled with the fact that the US banks have billions in loans to these Co's that shut down and will impact the banking sector badly. They dished out money like peanuts to pidgins during the oil boom.
This low oil price might seem great for some sectors of the economy that utilize oil and transportation but if you look at the past, you will see a different picture. After every oil price crash, the markets followed suite soon after.
So Brent crude made a nice morning star and reversed at the expected $45 a barrel. Good for SOL and the 5 or so competitors in the Challenge here that saw what I missed on the charts.
"The Trader" foresees a false bottom for oil. If he is correct then we may just see a repeat of the Black Monday of 1987 where the markets lost over 20% in one day (New Zealand lost over 60%). We live in an age of automation where computers do trades and a more than normal drop in prices will cause a snowball effect that can be more severe than the Black Monday.
I am positive that this will not happen.
The US has stopped operation on 94 oil rigs so far due to the price of crude oil. I don't want to even know how many shale oil Co's have stopped operating due to the cut even cost of $70 a barrel.
Now this will have a severe impact on the Unemployment Figures at next count. This coupled with the fact that the US banks have billions in loans to these Co's that shut down and will impact the banking sector badly. They dished out money like peanuts to pidgins during the oil boom.
This low oil price might seem great for some sectors of the economy that utilize oil and transportation but if you look at the past, you will see a different picture. After every oil price crash, the markets followed suite soon after.
So Brent crude made a nice morning star and reversed at the expected $45 a barrel. Good for SOL and the 5 or so competitors in the Challenge here that saw what I missed on the charts.
"The Trader" foresees a false bottom for oil. If he is correct then we may just see a repeat of the Black Monday of 1987 where the markets lost over 20% in one day (New Zealand lost over 60%). We live in an age of automation where computers do trades and a more than normal drop in prices will cause a snowball effect that can be more severe than the Black Monday.
I am positive that this will not happen.