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Messages - Orca

Pages: 1 ... 14 15 [16] 17 18 ... 152
226
Shares / Re: Investment Strategies for Nomads
« on: October 19, 2017, 12:46:36 pm »
I shudder to think what #andre will pay in Exit Tax. Only his primary home will escape some CGT.  :o

I'm still struggling with mine and have a cross border tax consultant working on it and will post the outcome.

227
Shares / Re: Your Most Tax Efficient Investment Ideas?
« on: October 19, 2017, 12:39:18 pm »
If you are non SA resident then you cannot have a TFSA. Company held or individually. Tradehold vs SARS closed that loophole.

228
Shares / Re: Investment Strategies for Nomads
« on: October 17, 2017, 05:27:46 pm »
EU CGT
Belgium 0%

Croatia 12%

Isle of Man 0%

Poland 19%

Spain 23%

UK £11,100 annual exemption then sliding scale

Portugal 28%

SA will not tax Capital Gains as it is residency based according to the DTA.

Stocks held in SA will be capped at 15% by the DTA for DWT.

Source: Me


229
Off topic / Re: Live chat
« on: October 13, 2017, 05:23:41 pm »
CityWire UK today.
The MSI Emerging Markets index notched up near 18% in the 1'st 9 months of the year.
UK and US stocks eked out less than 8% and 5% respctively.
Those that fear they have missed the boat are in luck because experts say EM's will
continue to outshine.

230
Introductions / Re: New Member
« on: October 06, 2017, 05:54:51 pm »
Welcome Leon.  :TU:  Unfortunately you will not find any wisdom from me as I have become as stupid as the markets.

231
Off topic / Re: Live chat
« on: October 05, 2017, 07:29:55 pm »
Ah - but there's the rub he is not Portuguese - so no excuses
My wife is part Portuguese, she keeps me up ;)
What does she keep up?  :LHST:

232
Off topic / Re: Live chat
« on: October 04, 2017, 09:48:24 am »
Portuguese people only go to bed at 3 am.

233
Shares / Re: Investment Strategies for Nomads
« on: September 27, 2017, 09:12:15 pm »
Or did you money go to this place? Sorry Andre, couldn't resists and please carry on with your blog.

234
Shares / Re: Investment Strategies for Nomads
« on: September 27, 2017, 07:55:45 pm »
Here is why you should duck.


235
Shares / Re: Investment Strategies for Nomads
« on: September 22, 2017, 07:39:36 pm »
Nope. I'm in Portugal. We have great wine here too.

236
Shares / Re: Investment Strategies for Nomads
« on: September 22, 2017, 06:54:01 pm »
This is really going to be interesting tax wise. You will have to do stacks of juggling here trying to keep your tax residency in SA. Gets very complicated in this case.

In the first place EU countries.

You’re automatically resident if either:

1.You spent 183 or more days in the country in the tax year
2.Your only home was in that country - you must have owned, rented or lived in it for at least 91 days in total - and you spent at least 30 days there in the tax year.

So you would have to relocate to a different country every 90 days to escape being tax resident.

If you happen to get this right then you have a further problem. SA will regard you as non resident after 183 days absence and all your properties will be regarded as a "deemed" sold at the valuation on the day you left and CGT will be payable.
Good news is that you have 5 years to pay it in yearly increments. With interest though.

More later. Beer time.


237
Off topic / Re: Live chat
« on: September 22, 2017, 06:17:32 pm »
Tip P. Eat in small cafes where the locals eat. Usually in side streets and half the price. We learned the expensive way. Never ask for ketchup or any condiments as it is considered rude and insulting their culinary expertise. Some cafes pile cheeses and breads on your table before you even order. If you eat some, you will pay for the whole lot. Wave it away.

238
Off topic / Re: Live chat
« on: September 19, 2017, 04:17:51 pm »
So far ADI has dropped about 12% in 2 days and tomorrow it goes ex-divi so will drop some more. Been checking and find no reason for this. It should be going up with the zar weakening. I will hold as she always comes up with a hat trick like a new acquisition. Results were good in this stagnant economy.

239
Off topic / Re: Live chat
« on: September 18, 2017, 09:28:40 pm »
Geez big seller in ADI

Overdone and I will hold.

240
Off topic / Re: Live chat
« on: September 15, 2017, 02:28:09 pm »
Then your center of life must remain in SA. This is not always possible. Had we not formally emigrated, our center of life is now in Portugal and we would be classed as non SA residents anyway.

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