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Yip also have small amount bought at R1, thus you cannot show loss till they announce next year what is happening. Say you add as loss now (which u cannot) and then next year the share (good bank / bad bank / ugly bank) and you get share back - say R20 a share  - no say you get rights to buy share in good bank, but you can sell your rights for say R20.00 a right, no  , say 8c. then you have not made a 100% loss.

What did you buy it at.

Thanks XXXX. Got confused with divies and CGT. I have non property stocks and I presume Delusional also.

Tax brochure for non residents and withholding tax on immovable property (>2mil.) may be of interest ...

If things stay as it is now up until 28 February, I would claim the loss down to the 31c at which the shares were suspended. There clearly is a case to be made for this being a "realised" loss, only being prevented by reason of the suspension.  Whatever the eventual value is that can be realised some time in the future, must then be calculated with the 31c as basis. I advise you to do this and see how SARS react.  If they allow,  , if not, you are not worse off. Don't make an issue of it, just do it on the schedule that you lodge together with your return.

yip, that's what I was also thinking of trying - if SARS wets their pretty panties, they're welcome to take over my holdings in ABL 

Ouch, maybe in future try and stick to a stoploss, I know it is not easy. Lots of companies are also in ABL, i.e. coronation. I think if you bought under R8, there might be small change that u can recover a bit. If u claim now and say u get something back in Feb, how will u treat it then, maybe wait till then. And claim next year. The bank is operating, and if Feb the offer to shareholders is dismall all will climb out and it will fold, thus the offer will need to be kinda ok. But yes good luck, I feel for u, will drink 2 Rennies and a play on your behalf now.

I'm with ABSA stockbrokers and they don't have a standard stoploss function AFAIK 

I will wait for a while and see what happens in 2015 and only act if any of my buys approach 3 years holding 

I will still try to claim the loss for this tax year if possible.  If it so happen that the worth goes beyond the 31c in future, then ride the 3 year time out and make a capital profit.

lekker skelm!  ek like! 

will see what my profits are for the year and then take a decision

Not skelm.  Fully compliant with the letter of the law

Umm.... Not actually......

The line between tax avoidance and tax evasion is often an uncomfortable one.

Hi,  I think it must have been a dream.  I'm also not too sure why you would want to do it (will elaborate on that later).  Whether you are a "trader" or a "investor", any loss would be effectively be (depending on your status and tax situation) deductable immediately or carried forward to deduct against future profits (or gains). 

As a example, should your share sales be regarded as a "investor" and subject to capital gains.  The the following principle will apply.  Any capital losses will first be set off against any capital gains earned in the tax year, and if after setting off capital gains, any (net) capital losses remains, they will be carried forward to your next year of assessments to be set off future capital gains.  Ringfencing provisions may modify the above principle, but the basic principle would normally be valid for share sales.

If you're a trader, broadly the same principles apply, but depending on your own individual situation, trading loss may be set off against other taxable income (e.g. salary income) prior to being carried off.  Again, there may be specific ringfencing provisions that may limit your ability to set off against taxable income.

Note, that your suggestion achieves the same result, to the extent the replacement share is sold.  i.e, the benefit of the loss is only received when the replacement share is (eventually) sold.

Hope that all makes sense.