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Messages - Orca

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1846
Off topic / Selling my shop woes.
« on: October 23, 2013, 05:24:05 pm »
Turns out that the guys that made the offer don't have all the cash. Offered me 50% upfront and the rest over 6 months. Quite tempted but need to think what can go wrong.
I've had it on the market for 6 months and this is the first offer and I discounted it by 20%.
If I do sell it to them, I will get a contract drawn up by a lawyer that states that if it has not been fully paid in 6 months it will revert back to me.
Any ideas on what can go wrong or what else should I do?

1847
The Investor Challenge / Re: investor challenge
« on: October 23, 2013, 05:07:08 pm »
In my book, all those above the STXIND are winners and beating most Fund Managers.   :TU:

Not talking about the 1c and 2c Penny stock holders.  :frustrated:

1848
Shares / Re: Pulverized Sand Box
« on: October 23, 2013, 04:54:04 pm »
Why you do that?  :frustrated: I keep telling the kids not to drink while using the laptop.
Wondered where you were.

1849
Shares / Re: Tax
« on: October 23, 2013, 10:35:05 am »
Aragorn, if I read you correctly, you are saying that ETF's are exempt from the 3 year thingy?

I still have just over a year to go for the 3 year period. My CML gains are massive so selling now would attract tax of about R200k.
Between a rock and a hard place now.

1850
Shares / Re: CML
« on: October 22, 2013, 07:28:40 pm »
Too high too fast once again. Or is it results coming up.

1851
Shares / Re: Tax
« on: October 22, 2013, 03:09:25 pm »
Thanks Bunbu. I don't intend selling when I leave but it does remind me about the Exit Tax. What a bummer. I will have to "deem" all my assets as "sold" on exit and pay CGT or income as in my case.

1852
Shares / Re: Tax
« on: October 22, 2013, 02:36:39 pm »
Part 1 of my move to Portugal is done. Got a buyer for my Coffee shop today.
Now if I add this money to top up my current stocks, how will this affect the 3 year thingy?
I presume the new shares will start on this new date. Am I correct?

1853
Off topic / Re: Comfortable about staying in ZA ?
« on: October 22, 2013, 02:06:05 pm »
Yes. I agree with MP Patrick.  :frustrated:
You should have built the competition smaller. That way we will all be higher up all the time.

1854
Off topic / Re: Comfortable about staying in ZA ?
« on: October 22, 2013, 01:23:28 pm »
Now I understand how dams work.

1855
Shares / Re: Today's Outlook
« on: October 21, 2013, 12:43:36 pm »
Weakening $ ?

1856
The Investor Challenge / Re: investor challenge
« on: October 21, 2013, 09:50:55 am »
MoneyPenny and Patrick were discussing something together down there for some days. Wonder if it was strategies as she has now broken into a gallop.
Anyway, I am tired after my sprint and will rest here for a while.

1857
Shares / Re: Naspers (NPN)
« on: October 21, 2013, 09:38:43 am »
NPN was being discussed on Business News and the others were not mentioned.

1858
Shares / Re: Oceana Group Ltd
« on: October 19, 2013, 07:17:13 pm »
Looks like jaDEB hitting me with a fish.

1859
Shares / Re: Tax
« on: October 19, 2013, 07:14:59 pm »
Thanks XXXXX. I will read those sections but don't think it applies to me as I don't want a reduction. I want SARS to take my R170k tax loss for 2009 into consideration going forward.
The letter also states:
"In terms of section 99(1)(a) read with section 100(1)(b) of the TAA, the assessment is final and conclusive".

My only hope is that the new Draft bill on 5 year Prescription period for "Self Assessment" tax for Income Tax gets gazetted soon. 




1860
Shares / Re: Metair. Titan or Titanic?
« on: October 17, 2013, 07:37:40 pm »
Quote from: Orca on October 15, 2013, 07:01:42 pm
Geez. This is the best day I have had in years.
Another good day.

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