Easy Equities good or bad?

surface said:
So, I am not sure what you want to know. Do you want to know how exactly SARS will find out if you have exceeded TFSA limit ? I mean do you want to know exact mechanism of 'how' ?
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Yes, this is the dubious part.

3WA said:
Very easy, you have to declare this on your tax return. Pointless to lie about it, because at withdrawal time you'll say to SARS, ”This is a tax-free account”, and they'll say “Stop talking schit”.
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That's just it. You only declare profits made. Institutions also only declare the buying and selling value of stocks and not what you deposited into your trading account. For this to work the way you say it does there would have to be extra reporting for this purpose.
 
Swa said:
Yes, this is the dubious part.


That's just it. You only declare profits made. Institutions also only declare the buying and selling value of stocks and not what you deposited into your trading account. For this to work the way you say it does there would have to be extra reporting for this purpose.
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No, the amount you have contributed to the account is recorded on your tax return
 
Swa said:
Yes, this is the dubious part.


That's just it. You only declare profits made. Institutions also only declare the buying and selling value of stocks and not what you deposited into your trading account. For this to work the way you say it does there would have to be extra reporting for this purpose.
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Below is on my notice of assessment. If you don't declare as such and SARS finds out that you exceeded limit , guess what happens. Alternatively, you can skip and let us know what happens. Take it for the team. ;-)

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So I received an email from them that my banking details were changed and if it was not me I must contact them on a number. I panicked and immediately phone the number, and to my surprise I received a message that I must log a ticket :rolleyes:

After a long battle I got hold of someone and apparently they only now verified my bank account and that is why I received the mail :rolleyes:
 
Actually how it works.... the provider uploads it, its pre populated, and if wrong, you need to proof it!

I had very much joy with my tax year, as 2 out of the 4 service providers (made droog).

I am sure everyone has somesort of RA right ... its the same thing, just on a smaller scale with smaller limits !
 
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Swa said:
Yes, this is the dubious part.


That's just it. You only declare profits made. Institutions also only declare the buying and selling value of stocks and not what you deposited into your trading account. For this to work the way you say it does there would have to be extra reporting for this purpose.
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I declare contributions. From my tax return:

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Hi guys, :)

Do you know if there is a delay between the account summary page and holdings?
When I add my holdings together it differs from my profit/loss value. The values also differ on Equities and Crypto investment types.
 
LaraC said:
Hi guys, :)

Do you know if there is a delay between the account summary page and holdings?
When I add my holdings together it differs from my profit/loss value. The values also differ on Equities and Crypto investment types.
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I've had the same issue since around Friday evening - still not fixed.
 
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