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Online Share Trading

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Istalments versus Shares.

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Super Contributor
john, not a tax fundi myself, but I do recall there is some law that allows SARS to classify your dividend as income if you are trading for the sake of the dividend itself (say you buy the day before LDT and sell the day after)? anyone else know much about this one?
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Super Contributor
Ah! but 3 weeks is hard to prove and it is very hard to tax a "loss"
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Super Contributor
indeed, hard to tax. but easy to question. I understand SARS to be a bit suspicious of declared losses.
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Super Contributor
Thanks for the heads up I will take legal advise on the matter.
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Super Contributor
any tax fundi's out there who can shed some light for us on the dividend as income issue?
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Not applicable
While we're on the tax subject - How does SARS view profits from spread betting? Should be seen as gambling income?
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Super Contributor
Hi Barry, if I obtained an installment SI PSG CC, well before the LDT and am still holding them, do I qualify for the dividend of the underlying which was payable on the 31/03/08?

Clicking on SI PSG CC now, indicates a LDT as 30/12/1899 ! I am konfused.
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