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jaDEB  Out the box now please. I have been sitting here for 2 weeks already and will only get out when my stocks recover.

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?

One can use that method only once you have held them for longer than 3 years I presume.

Just when I thought I was getting a grip on the tax, I read this in the Comprehensive share holder guide.
Not all sales of shares trigger a tax event.
If you rebalance your portfolio by selling some of share X and adding to share Y within 45 days then;
If you made a gain of R2 000 on the sale of X then this gain must be deducted from the cost price of share Y. This lowers the Base Cost of share Y.

If you made a loss of R2 000 then you must add R2 000 to share Y. This increases the Base Cost of share Y.
 

  Yes. That's me alright. Obi always phones me to ask which shares are going to climb the best for the next 6 months and then he goes short on them. 

A change in your intention will be irrelevant once section 9C applies to your shares. Section 9C deems the proceeds on the sale of JSE-listed equity shares and equity shares in resident companies to be of a capital nature once they have been held for at least three years. Section 9C does not, however, trigger a deemed disposal of your shares held as trading stock after you have held them for three years because the shares technically remain trading stock despite them only being able to produce proceeds of a capital nature.16

16. The shares fall within paragraph (1) of the term"trading stock" in section 1 because they were purchased for the purposes of sale.

Anyone care to explain the above to me?

I disagree. My last calculation is correct.

Despite guidelines laid down by case law, the determination of whether the amount received or accrued on the disposal of a share falls on capital or revenue account is often a contentious matter which can lead to costly and protracted legal disputes.

As this directly affects me, I have done much research on it. The wording of these "laws" are such that only a court can decide what they actually mean.
Farmer vs SARS. Farmer has had his farm for 35 years and decides to divide his farm into plots and sell them individualy. The court found that his intention was for profit. So his gains were taxed as income.
The sale of your shares for an income will be considered as revenue.