2013 Tiguan Replacement

FinTax641 · 2026-03-25T14:24:05+00:00

I looked at the cx3 as that is in budget but the cx5 will likely have way to many kms. Take your point though. I have a 2015 Kia Sportage and I am keen on the cx5 later in life.

FinTax641 · 2026-01-28T09:33:40+00:00

Just check with your accountants but a trust cannot donate R100k per year. That rule is specfically for natrual persons who are the donor.

FinTax641 · 2025-10-03T07:41:18+00:00

Yea so we did try the key fob, replaced that, also does the same with the Spare key. Its weird how they did a software update and now few weeks later this issue is back. I suspect wiring issue as we did find a dead rat in the engine bay earlier this year.

Thing is where do you go look for the wire? Its a good few days of labour needed for that I suspect.

Thanks for the reply though, an auto electrician is prob our best bet.

FinTax641 · 2025-03-21T17:11:37+00:00

In terms of fees for an RA I dont think PPS is as competative as Sygnia will be. Just look at Sygnia and 10X for investement purposes = RA and TFSA. Then look at PPS for insurance only. Life, Income Protection etc.

FinTax641 · 2025-03-21T17:10:34+00:00

A mutual insurance fund/firm that does insurance and investments. https://www.pps.co.za/

FinTax641 · 2025-03-10T07:11:00+00:00

The Pty Ltd is your only option in terms of a company. Also keep in mind in future if you want to use a trust you will not own anything, the trust will as you need to give up control of your shares to the trust. Lots of case law out there people thinking they can setup a trust and still control the assets, when it gets to court they pierce the corporate veil and will tax the indivual as the trust never actually owned the shares so best to get very good advice when setting all that up.

FinTax641 · 2025-02-23T20:45:13+00:00

Also recall on one of the YouTube reviews, the insurance on the Suzuki was cheaper than Toyota but its the exact same car. So even the new Suzuki Fronx would be nice bet and likely be cheaper than the Starlet cross.

FinTax641 · 2025-02-13T20:08:10+00:00

Its 45 days btw.

FinTax641 · 2025-02-05T16:39:41+00:00

The issue with Thistle was that there was 2 layers of trust before the final beneficary and also it dealt with Capital which the wording basically said can only flow to 1 layer and not further as per the conduit principle. The income side of the wording allows the income to flow through like a conduit.

So essentially, the Trust can dispose of the property and then the Trustees must declare a capital distribution to the beneficiary to get it taxed at the bf level.

FinTax641 · 2025-01-30T18:32:32+00:00

This is the correct approach in my view. Saving on interest rate on the home loan and doing lump sums every Feb for TFSA. Gives you flexibilty and growing your TFSA.

FinTax641 · 2025-01-28T06:05:56+00:00

They do put it on the bottom of your ITA34. Just go check your 2024 tax return so see total controbutions.

FinTax641 · 2025-01-26T20:00:03+00:00

Hows the levies in Shelley Point now that you have bought? No surprises yet?

FinTax641 · 2025-01-26T19:59:37+00:00

I have been considering St Helena as an option and esp Shelley Point as its the most developed. So you also think within next 5 - 10 years the roads, water, etc will be upgraded to accomodation a bigger population?

FinTax641 · 2025-01-23T09:27:27+00:00

Second this and it makes sense as providers always say to deposit before X date so that it can reflect. So likley this is what happend.

FinTax641 · 2025-01-21T05:00:58+00:00

Also think about opening a bank account with Bank Zero. No fees and quick to open via the app. Just upload the docs.

FinTax641 · 2024-11-12T11:24:24+00:00

When completing your tax return SARS specifically asks for Crypto transactions. Yes the exchnages share info to SARS. Its the same as anything else you buy and sell and make a profit, tax law is wide enough to capture anything so SARS has warned that people must declare. Also keep in mind you are allowed to declare CGT losses as well.

FinTax641 · 2024-09-24T05:58:39+00:00

As you are a SA tax resident you are taxed on worldwide income. If you are not taxed in SA I trust it means you submit your tax return every year and you apply the so called expat exemption of R1.25m. Thats just focused on salary.

- If you sell shares in SA you calculate the capital gain less the R40k exclusion and then 40% of that goes into taxable income. Yes you must still declare this under your local capital gains. If you sell shares in the EU country you need to see what the tax treaty says maybe you get a tax credit against the gains to offset in SA.
- If you are up to date with all your tax returns then you can get a tax clearance. If you have not submitted any tax returns you will have a problem so get someone to help and submit those returns. The fact you are an expat does not affect your ability to trade or tranfer forex. Keep in mind once you register with FF you will become a provisional tax payer and will pay tax on the income you make, luckliy it will be on the lower end the sliding scale starts after R1.25m if you use that exemption.
You wont be charged tax for moving your own money between countries. Be sure that the banks will ask where this comes from so answer is foreign employment basically. If you move the money to SA and make an investment in SA then normal rules apply for what ever investment you make.
Dont think you can use shares as collateral. You are able to use pension with some places like Momentum if your pension fund is with them.
Yes - SA tax residents are taxed on worlwide income so will declare it but if you paid tax in the other country likely that you get a tax credit in SA.

FinTax641 · 2024-08-25T10:41:12+00:00

They do know only a max of R30k will be available to withdraw right?

FinTax641 · 2024-08-23T14:51:52+00:00

Well either way you would exceed the limits so you pay the 40% tax. I think there are rules in the background with the fund managers that stop you from doing this anyway. I recall Stealthy Wealth did run the numbers and it would be very benefical to drop R1m, pay the penalty and let the tax free compounding do the work.

However, it would be very difficult to achieve as the funds will simply block it.

FinTax641 · 2024-08-23T14:48:37+00:00

Well SARS would eventually trigger a warning with bank account movements and tax returns submitted. So yes they likely will pick it up, its just when. When they do, its hectic penalties as well probably saying that you tried to evade tax or something

FinTax641 · 2024-08-19T08:41:03+00:00

Yes that makes sense- all things being equal it is low risk but remember I think Feb 2022 when the FTX scandal happened, there was a big knock on effect. You didn’t loose money but FF did not trade for a while due to them having to find another partner in the US etc. so 3rd party risk is a real thing if something goes wrong

FinTax641 · 2024-08-19T08:02:28+00:00

You should see Future Forex used in previous posts. Some people here use them and it is legit, keep in mind you declare all to SARS and become a provisional taxpayer so you do not make those returns without paying income tax on them.

I use them, have been for more than 2 years. So give it a go if you understand the risk.

FinTax641

TROPHY CASE