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Shares and tax: The facts

Wednesday, 06 August 2014   (0 Comments)
Posted by: Author: Patrick Cairns
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Author: Patrick Cairns (Moneyweb) 

Understand how you will be taxed when you sell shares.

For anyone investing directly in the stock market, one of the most important things to consider is the tax implications. While a fund manager can buy and sell stocks in a portfolio without attracting any tax, this is not the case for individuals.

There is some argument about whether this is fair or not and if the South African Treasury shouldn't reform the tax laws to allow the trading of shares within a portfolio as long as the value is retained. But for now anyone with an individual share portfolio needs to be aware of when their trades will be taxed, and how they will be taxed.

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