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Messages - hugotaxforum

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1
Shares / Re: ETF's and tax.
« on: February 23, 2016, 04:00:35 pm »
EFT should read ETF mr spell checker!!


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2
Shares / Re: ETF's and tax.
« on: February 23, 2016, 03:59:29 pm »
Orca thank you for the compliment! Ut lately SARS makes us all sweat! They have this draconian TAA on their side


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3
Shares / Re: ETF's and tax.
« on: February 23, 2016, 03:57:58 pm »
Section 9C or the 3 year rule does not apply to an EFT as an EFT fails the qualifying share and the equity share definition. Where the EFT is registered as a collective investment scheme (CIS) (but not a fund of collective investment schemes) then 9C will apply. I am not aware of any EFT registered as CIS but I stand to be corrected. Most EFT's tracks an index and not directly a collection of shares therefore most fail the CIS test.


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4
Shares / Re: ETF's and tax.
« on: February 23, 2016, 03:36:01 pm »
TFSA intends to allow you to trade tax free! In the explanatory memorandum they did deal with this


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