General Category > Shares

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gcr:
SARS dictates that to escape being assessed as a trader you need to hold shares for at least 3 years. If you buy a share and then the price tanks (Steinhoff comes to mind) then you can argue that you were endeavouring to avoid a blood bath by getting out earlier - however remember one thing it is almost impossible to argue your case or even negotiate with SARS (draconian comes to mind). I retired in 2005 and I don't think there is a single year where I have not been called upon to submit documentation and quantify decisions

So go into what you do with your eyes wide open

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