31
Off topic / Re: Live chat
« on: October 08, 2019, 11:17:05 am »Orca, did you move to Spain or Portugal?Lived in Portugal for 5 years but live in the UK now. Portuguese is a very difficult language to learn.
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33
Shares / Re: Readjusting portfolio.
« on: June 10, 2019, 12:57:06 pm »
A 5 year flat market is as good as a correction.
34
Off topic / Re: Live chat
« on: June 05, 2019, 11:47:42 am »
YRK is a penny stock and too few trades per day.
35
Shares / Re: Readjusting portfolio.
« on: June 03, 2019, 10:11:26 pm »
Well, that didn't pan out well.
STXIND took a whack thanks to The Orange Menace. As did most stocks.
CML just could not hold the price above the 20 SMA due to poor results as funds exited SA plus the poorer market performance over the past 6 months.
Seems like a flat market has become the new normal over the years and no reversal is even expected in the near future.
STXIND took a whack thanks to The Orange Menace. As did most stocks.
CML just could not hold the price above the 20 SMA due to poor results as funds exited SA plus the poorer market performance over the past 6 months.
Seems like a flat market has become the new normal over the years and no reversal is even expected in the near future.
36
Shares / Re: Foreign Dividends Tax on Crypto Fund Divi (TUSD)
« on: May 27, 2019, 07:56:22 pm »
Holding securities with a properly registered and regulated financial house regardless if they are tangible or not will be treated by SARS as capital in nature if held for over 3 years. This could be non physical exposure to Kruger Rands, gold and platinum or physical coins held.
While the crypto coins are not traded via reputable exchanges they would never be regarded as Capital even if held for many years. The same applies to forex trading.
It would not be long before these coins are traded on the JSE and other world stock exchanges.
The saying of "hold for keeps" to be regarded as capital is nonsense as no one does this. Not even the minister of finance buys to hold for keeps.
While the crypto coins are not traded via reputable exchanges they would never be regarded as Capital even if held for many years. The same applies to forex trading.
It would not be long before these coins are traded on the JSE and other world stock exchanges.
The saying of "hold for keeps" to be regarded as capital is nonsense as no one does this. Not even the minister of finance buys to hold for keeps.
37
Off topic / Re: Live chat
« on: May 24, 2019, 03:34:53 pm »
Well done. Now tell me. Did it take in depth research on your part or did you take a pure gamble? If the latter then I am the winner.
38
Shares / Re: My retirement blog.
« on: May 22, 2019, 05:14:37 pm »
The Portuguese are not big on beef and lamb at all. Most are imported from Argentina and Chile so are very expensive. Most meat are boneless and fat free. The few chops I did see are pork chops cut so thin you can see through them. Most people eat pork, chicken, rabbit, turkey and fish and fish and some fish.
I don't live in Portugal any longer.
I don't live in Portugal any longer.
39
Shares / Re: My retirement blog.
« on: May 14, 2019, 06:07:53 pm »
Two of my daughters are saving to buy property with an ISA. They have a "Help you buy" scheme where if you save £200 pm then the government adds £50 pm to it. Now that is 25% pa tax free bonus from the government. Where else would one get this?
At this stage I am a bit wary of Brexit with investing in the UK so I will stay in SA for some time still. Hopefully Ramaphosa will keep to his promise and turn things around for the SA economy in 2020.
At this stage I am a bit wary of Brexit with investing in the UK so I will stay in SA for some time still. Hopefully Ramaphosa will keep to his promise and turn things around for the SA economy in 2020.
40
Shares / Re: My retirement blog.
« on: May 13, 2019, 06:22:10 pm »
I did look into this but found nothing and the language problem restricts research. I doubt any EU country has exit tax due to the freedom of movement.
The 10 year tax break under the NHR regime only applies to income that can be taxed in the country of source by the DTA rules whether it is taxed there or not. CGT is a residential tax and therefore only taxed in Portugal as per the DTA rules. So the 10 year tax break for CGT does not apply.
The 10 year tax break under the NHR regime only applies to income that can be taxed in the country of source by the DTA rules whether it is taxed there or not. CGT is a residential tax and therefore only taxed in Portugal as per the DTA rules. So the 10 year tax break for CGT does not apply.
41
Shares / Re: My retirement blog.
« on: May 12, 2019, 10:47:48 pm »
Relocating from Portugal to the UK just got better tax wise.
Dividends
Dividends withholding tax in SA is 20%. The tax treaty with Portugal caps it at 15%. This was the percentage I paid while resident in Portugal.
The tax treaty with the UK caps the SA withholding tax on dividends at 10%. This means that my dividends withholding tax in SA will be cut by half so I score 10%. This is a big saving over time.
Interest
Tax on interest according to the DTA Portugal-SA is payable to either country but capped at 10%. I paid this to SA only.
The tax treaty with UK states that only the UK can tax this interest and as the UK does not tax interest I score here as well.
Capital Gains
This remains a residential tax in both DTA's. Portugal has a fixed 28% tax on CG with no exclusion.
The UK has an exemption (exclusion) amount of £12k or R228k pa and a 10% tax on the rest. My gains would never get near this amount so no CGT payable.
Dividends
Dividends withholding tax in SA is 20%. The tax treaty with Portugal caps it at 15%. This was the percentage I paid while resident in Portugal.
The tax treaty with the UK caps the SA withholding tax on dividends at 10%. This means that my dividends withholding tax in SA will be cut by half so I score 10%. This is a big saving over time.
Interest
Tax on interest according to the DTA Portugal-SA is payable to either country but capped at 10%. I paid this to SA only.
The tax treaty with UK states that only the UK can tax this interest and as the UK does not tax interest I score here as well.
Capital Gains
This remains a residential tax in both DTA's. Portugal has a fixed 28% tax on CG with no exclusion.
The UK has an exemption (exclusion) amount of £12k or R228k pa and a 10% tax on the rest. My gains would never get near this amount so no CGT payable.
43
Off topic / Re: Live chat
« on: May 07, 2019, 10:12:48 am »
Just trying to get some response on this website as it seems dead. Patrick has not given me any money this month and I have no access to the US comp for a week now.
44
Off topic / Re: Live chat
« on: May 06, 2019, 07:43:36 pm »
My wife was so sick today that I had to carry her to the kitchen to make me coffee.
45
Off topic / Re: Live chat
« on: May 02, 2019, 09:50:20 pm »
Don't like the UK anymore. It is not like SA. Went to the indoor pool today and the life guard caught me peeing in the pool. He shouted so loud I nearly fell in.