Hello , if I bought shares on the JSE stock exchange and I sold them 4 months later for a profit in the 2018 tax year ,what section of the return would I enter this profit . Many Thanks Frad
Hello , if I bought shares on the JSE stock exchange and I sold them 4 months later for a profit in the 2018 tax year ,what section of the return would I enter this profit . Many Thanks Frad
Unless you trade shares for a living, I believe this will be under capital gains.
If you trade enough times a year to be making a 'living' from it (which I understand is basically a decision SARS makes, not you), then it will be under 'other sources of income' and taxed as part of your total income.
I'm not a tax practitioner though, so maybe consult with a professional if you're unsure.
Hello Dr Thomas , Many thanks , Regards Frad
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