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Thanks Orca, it would be great if you could post it. In the meantime I did find some good news. Apparently the fact that the two accounts are separate counts in my favour, so the Unit trust account can be deemed for investing, and the stockbrokers account deemed for trading, and then it all works out.

Also it looks like SARS has adderssed this here: http://www.sars.gov.za/FAQs/Pages/781.aspx

Can an assessed loss – as opposed to an assessed capital loss - be set off against a taxable capital gain?

Yes. Some commentators have questioned this point because a taxable capital gain is included in taxable income. The definition of the term “taxable income” in section 1 provides as follows:
 
“taxable income” means the aggregate of—
 (a) the amount remaining after deducting from the income of any person all the amounts allowed under Part I of Chapter II to be deducted from or set off against such income; and
 (b) all amounts to be included or deemed to be included in the taxable income of any person in terms of this Act;
 
It is evident from this definition that taxable income can be a negative figure. Paragraph (a) would become negative when the amounts allowed under Part I of Chapter II exceed the income of a person. Furthermore, Part I of Chapter II includes section 20 which deals with assessed losses.
 
The intention of the legislature can also be seen from the amendments to section 103(2) which provides that a ‘tainted’ capital gain cannot be set off against an assessed loss. These amendments would not have been necessary if a taxable capital gain could not be set off against an assessed loss.​

So it looks like I can finally get out of my stupid unit trust, and not take a huge hit! The only thing I'll have to make sure of in future, is that I don't sell any shares for profit in the next three years, as those will then also be considered trading gains. Not that I plan to, all I hold now is STXIND and DIVTRX, and I plan on holding those for a very, very long time.

Ok, it's time for my tax question.

I moved out of RAFIND and into DIVTRX when the market was at it's lowest. Now I'd only held RAFIND for maybe a year, so would that be considered a trading loss rather than a capital loss?

Then following on from that, could I use that to offset a capital gain, for example:
Sell RAFIND for R100k loss after holding for 1 year.
Sell FOORD equity for a R330k gain after holding for 3+ years.

Therefore income loss is R100k, capital gain is R330k. Capital gain has R30k exclusion, then 13.3%, 330-30/3=100, of that is income gain in income gets added to the trading loss and I end up owing 0 tax in those transactions?

CLS 169.50 cents - LDT: 15 Jan 2016

CMH 46.50 cents - LDT: 4 Dec 2015

ADR 60.00 cents - LDT: 27 Nov 2015

Quote from: Patrick on October 23, 2015, 01:48:52 pm

The indi's at an all time high again. In the last 12 months it's gained 17.3% including divvies. Not bad for such an up and down year.

According to Sharenet it is up 24% but that is a day old. Reuters shows 27% until now.
The DIVTRX shows 17%

Actually I think you're right Orca, the satrix site shows to 30 September, I didn't read the fine print. I'm very pleasantly surprised!

So long term I see the amount of cars being sold decreasing. We've probably passed "peak car" by now, but who knows, maybe ferrari would be immune as it's never been about transport.