I have previously read through that SARS doc and that's why I'm assuming 3 years is 'safe' - and that you can actually motivate shorter periods as not being a 'trader' - surely SARS can't conveniently assume if you 'trade' one share, you are now a trader - fukkkkem!
I have another weird tax question. Let's say you have no other income besides dividends, obviously you pay dividends withholding tax before the money gets into your account, but come tax season, will you be entitled to the primary rebate on some of those dividends?
Yesterday I went on SARS website and checked that the "RFC" ie Request For Correction is there. Today I can't find it as I want to correct my returns. It showed that my Adobe is outdated and I updated it. Flash player and reader. Still nix.Went over to Internet Explorer and SARS shows that I need the latest Adobe??? WTF. I have it.Went back to Google Chrome and still no RFC. Where has that gone? have they changed their website?
Just got back from SARS. My tax loss from the 2008/9 crash amounts to -R284k but they say it has prescribed so the loss will not carry over. Any tax loss or money due older than 3 years is prescribed but money owed by you never prescribes.This will now cost me plenty. The auditors will get back to me within 3 weeks.Got sorted with the Request for Correction. I had already clicked on it so it stayed open although I could not see it.