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« on: August 30, 2016, 06:16:38 pm »
Not quite. The minimum holding period for Capital Gains Tax in SA is 3 years. This may not be applicable to Collective Investments such as Unit Trusts and ETF's but I cannot get 100% clarity on this so I would hold on to them for the 3 year duration. The effective CGT is ~ 11%.
If you sell before the 3 year period, Section 9C of the ITA will not apply and you will pay Income Tax on your gains. ie. Your gains will be added to your other normal income and taxed at your tax rate. The effective rate is ~ 40% if you are a high earner. The R30k exclusion amount (this may have changed since I last looked) that can be deducted from CGT will not apply in this case as you are trading and not investing for the min 3 year period.
You will normally pay tax on your world wide earnings in the country where you are resident. The US laws differ somewhat and maybe Patrick can help there as he has US stocks.
You will still pay withholding tax on dividends in the US but at a rate not exceeding the Double Tax Agreement rate.
There is no need to find an accountant that does cross border taxation as it is so simple to do so yourself.
Read through the Tax thread as it is discussed in detail there.
Just leave your account in Nederland.