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Tax calculations for Stock trading individuals and small partnerships

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Hi, I am confused now. Can anyone please help me with the percentage and calculation of tax for someone e.g. who starts the year with R500 000 and swing or daytrades it to R1000 000 in a year, how much approximately is the tax payable if he or she does not have a any other job, but trading? Thanks
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olilau
Frequent Contributor
xoli, if you only trade and intend to declare your gains as trading gains, then based on your scenario you will very simply pay tax per the individual tax tables for personal income (as per the link supplied by marc) on your profit, in this case 500 000.- without any deductions this would work out to just on 194K. of course you could make this more ineteresting by taking interest earning exemptions in your personal capacity, deducting your allowables like med aid caps if you have and pay for med aid, deduct home office expenses if you work from home...........
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