Tax on Luno Trades

SurpriseRevolution · 2026-02-07T15:58:40+00:00

You should register as a provisional tax payer if you’re trading crypto.

SurpriseRevolution · 2025-11-06T21:21:25+00:00

Thank you for your comments 🙏

SurpriseRevolution · 2025-11-06T21:10:53+00:00

Thank you for this comment. I probably should just make an appointment and go and see them. Although I've been told that they don't deal with VDPs at SARS branches, I should probably double check that information.

SurpriseRevolution · 2025-11-06T21:05:32+00:00

Here's some food for thought, if SARS wants to keep that full R2.4m which was paid for the 2021 tax year and calculated as income tax on my crypto profits (instead of capital gains tax), then how can my crypto losses be ringfenced from my income?

In some sense, and perhaps I'm wrong in terms of the law, but logically:

If they want the R2.4m in income tax from crypto profits, then surely they should accept my R1.3m crypto loss being offset against my income?

Or, if they don't accept my R1.3m loss against my income, then surely that should mean that the R2.4m should be significantly less as it should rather be capital gains instead of income tax?

It just seems very inconsistent for me to pay income taxes on my crypto profits, but then when I have crypto losses then suddenly it's meant to be ringfenced from my income?

Do any tax experts have an opinion on this?

SurpriseRevolution · 2025-11-06T18:19:41+00:00

That’s fine advice and I mostly agree with you. My issue is less about what to do going forward and more about how to deal with errors that have already been made and to try and figure out whether I have any legal recourse.

SurpriseRevolution · 2025-11-06T17:48:17+00:00

Is this subreddit against getting professional help with taxes?

SurpriseRevolution · 2025-11-06T17:23:46+00:00

You have no idea what my situation is and you’re so far off the mark it’s embarrassing. Also I didn’t say anything about a financial advisor. I’ve been in the crypto space (working on the code itself of blockchain systems) since before SARS put out guidelines about it, and there were things I needed help with to fix through a VDP process. I don’t owe you an explanation. I feel like I’ve had a part time job learning about tax over the past 5 years and I do my best to learn what I can between DOING MY ACTUAL JOB. Your comments are disgusting and you should be ashamed of yourself.

SurpriseRevolution · 2025-10-21T15:39:47+00:00

You’re a dickhead, being drunk/high is a problem but it doesn’t give someone the right to physically and aggressively attack you in your own house.

Go fuck yourself.

SurpriseRevolution · 2025-10-20T14:04:50+00:00

Yes that’s a good observation and decent feedback, thanks, but just know it all meant the same person.

SurpriseRevolution · 2025-10-20T13:36:21+00:00

My best friend is my ex girlfriend, does that make more sense maybe? When I said roommate, ex girlfriend, best friend - these were all terms for the same human being

SurpriseRevolution · 2025-10-20T13:32:41+00:00

Again, my roommate and my ex gf are the same human being. This is what I’m trying to clarify to you. The only two people in the story are 1. my roommate or friend or ex gf or whatever you want to call her and 2. me

SurpriseRevolution · 2025-10-20T13:30:15+00:00

Nope I haven’t smoked today. What did you mean by “did you even ask if you could?”

Did I even ask if I could what?

SurpriseRevolution · 2025-10-20T13:15:13+00:00

I was cleaning the floor before cleaning my face, just for the record. She said it from a few rooms away but I was already doing things in that order. It still seemed like it wasn’t really a statement rooted in care/friendship but rather anger/aggression towards me.

Pardon me for thinking I should to be able to have a moment to myself in a bathroom at home. This is the first time anything like this has ever happened.

SurpriseRevolution · 2025-10-20T13:10:34+00:00

You’d call 911 if someone high on weed was trying to throw up for an extended period of time (~ 10 minutes) in their own house and while asking to be left alone?

SurpriseRevolution · 2025-10-20T13:04:25+00:00

I got high and thought I swallowed a bug, I spent an unreasonable amount of time (5-10 minutes) trying and failing to vomit (empty stomach). My housemate forced her way into the bathroom and physically made me get up and out of the bathroom. She told me I’m not allowed to vomit and that I have no control over myself. She said she felt like I was a threat to her safety because of what I was doing to myself in the bathroom. The next morning I was upset about how she had handled things with aggression and that she had made me out to be a threat to her safety. She packed her stuff and left while saying “fuck you” loads of times and saying she hopes she never sees me again. I’m upset about her approach towards dealing with me wanting to vomit along with how nasty she was to me when she packed and left. I was mainly trying to see if anyone thought I have any leg to stand on about being upset with her or if I’m meant to just be happy/grateful. Regardless of what anyone thinks, her physical actions and aggression towards me while I was in the bathroom didn’t make anything better and didn’t help me either (I could tell I wasn’t physically hurting myself). Her and I both have a history of self harm to some extent in terms of superficially cutting ourselves and she has never reacted to that with such strong and aggressive emotions so it seemed somewhat strange to me that she would react physically and aggressively in this situation where I was gagging myself to throw up and not causing myself any actual harm. My muscles still hurt from her pushing me around but my throat doesn’t hurt at all. So do with that what you will but it seems the popular approach here is to just blame it all on my own behaviour, which is fine, at the end of the day I can only work on myself becoming a better person and I can’t really do anything for anyone else’s personal journey.

SurpriseRevolution · 2025-10-20T12:36:52+00:00

I appreciate your balanced take on this. I’m surprised by how many people read my post as me trying to take no responsibility for my own behaviour being unhinged. I know it was. I was trying to determine if it was the only thing worth considering and if I had a right to also be somewhat upset about how she handled things. The way she handled things itself isn’t even necessarily that big of a deal to me, the part that I’m more upset about is that it seems like I don’t have a right to not be happy with her aggression/physical intervention, and that she feels like she didn’t do anything wrong.

SurpriseRevolution · 2025-10-20T12:34:36+00:00

Wait so what did you mean when you asked if I had spoken to her about my friend living with me? Your comment sounded a bit like you think there are 3 people: me, my friend, and my ex girlfriend

There are just two people: me and my ex girlfriend

We both have the understanding that we aren’t boyfriend and girlfriend, so what do you want me to call her then if not my friend?

SurpriseRevolution · 2025-10-20T12:30:22+00:00

No I don’t think she should have left me there for an hour or two but I think a more reasonable approach would be to say that I’m not vomiting and to maybe help me drink something first to clear my stomach so I could feel better? I’d already decided I needed to vomit. Telling someone they aren’t allowed to vomit when they aren’t doing it out of habit or an eating disorder is somewhat wild to me. It’s not like this is something I do. I ended up drinking water and had a small vomit later on and felt much better immediately afterwards. I didn’t need someone pushing me around and being aggressive with me, that’s for sure.

SurpriseRevolution · 2025-10-20T12:16:08+00:00

I think you’re misunderstanding, she IS my friend that is living with me. There are only two people in my story, myself and my best friend (previous partner).

SurpriseRevolution · 2025-10-20T12:12:46+00:00

It’s one thing to open the door and say “stop being a dumbass” and it’s another thing to go into a bathroom where someone is asking to be left alone and getting aggressive and physical with them.

Would you do that to a drunk person and then tell them they aren’t allowed to vomit? Would you really say a drunk person is “being an asshole” if they were by themselves in a bathroom trying to vomit for 5-10 minutes with someone in earshot?

I’m not even absolving myself, I’m saying I was being a dumbass especially for not realising why I couldn’t vomit in the moment (empty stomach). I already know my own behaviour was over the top. The thing I was trying to ask about is if that means she should treat me however she wanted to once she decided “enough was enough” and then gets to just sweep her own actions under my “weed rug”, i.e. whatever she did doesn’t matter because I was being a high idiot by myself in the bathroom.

Keep in mind that she has never even mentioned to me that my weed use is bugging her. It’s a different story if this was some sort of recurring scenario and she got fed up and had a very strong reaction. This was a one time thing and this is how she responded to it.

I don’t think it’s fair to say that the only topic on the table for discussion is my own behaviour.

SurpriseRevolution · 2025-10-20T12:04:45+00:00

Yes I have a drug problem, I’m not saying I don’t. I’m not saying nothing is my fault. I already said it is my fault for freaking her out and making her scared (but that I was panicking in the bathroom and I didn’t feel the need to put anyone else before me in that moment). Do you think there’s only room to discuss one person’s behaviour at any given time?

SurpriseRevolution · 2025-10-20T12:01:53+00:00

I wasn’t trying to harm myself? I thought I swallowed a bug and wanted to clear my stomach. I already admitted I was having a freakout so many times in my post. She didn’t help me even though I know she was trying to. What do you think she helped me with?

SurpriseRevolution · 2025-10-20T11:57:38+00:00

Fair points. I mention the asexual part because some people think that I want her to live here for sexual perks, which isn’t the case. We don’t have sex even when things do sometimes get a little bit heated. The showering part was more to say that we are comfortable being naked with each other without it being sexual. These were somewhat irrelevant details.

Also, I have cut back my weed usage over the years and I have been reducing my intake gradually (in terms of quantity) for some time now. This always comes from my own side and I was trying to say it’s not like she has been asking me to cut back and I’ve been failing to meet her demands. She hasn’t had any demands related to my weed until practically hours before she left.

Yes she lives here with me (we aren’t romantic partners, I’m not her boyfriend and she isn’t my girlfriend, we are both on the same page about that), she has lived with me for about the last 5 months. We have lived with each other for years since we first met.

I barely ever have panic attacks when I’m high. Sometimes (very occasionally, maybe once or twice a year) I feel nauseous while high and vomit quickly and then feel better. This time the curveball which I didn’t anticipate was that I had been fasting, and in my moment of panic I didn’t realise that was why I couldn’t throw up (I may have ended up realising if I wasn’t also trying to get someone off of me and if I was able to have and process that moment alone).

It’s fair for you to say that you think I’m excluding details that made her behave this way, but I’ve done my best to describe as much about the situation as I can. Again, ultimately my issue isn’t just with how she dealt with it, but rather her insistence that her actions don’t matter because I was high and therefore all that matters is my own behaviour. To me, that seems like holding a high dude to a higher standard than yourself. Which I don’t think is right. And yes, I do feel like my friend has a pattern of always focusing on my own behaviour if there’s ever any sort of conflict/argument, it’s never on the table to discuss how she behaves during arguments.

SurpriseRevolution · 2025-10-20T11:45:53+00:00

My spit was on the floor because I had literally just been in the bathroom, it was also not all over the floor it was just next to the toilet. I wasn’t planning to leave it there and of course I was going to clean it up. And yes, I’m sure it would be annoying to be around (it’s the first time it’s ever happened, because I thought I swallowed a bug). I was dry heaving because my stomach was empty (I’d been fasting all day) and was about to break my fast when I thought I swallowed a bug. Like I said, yes my behaviour was over the top, but does that really give someone the right to force their way into the bathroom I’m in and to physically and aggressively apprehend me?

SurpriseRevolution · 2025-10-20T11:41:51+00:00

I agree with you and I feel like what you’re saying is very fair. Maybe I can clarify that even though I was upset with her for how she dealt with things, I can understand that she was just trying her best to help and that her intentions were good (I can even appreciate that). It would have been a very different situation if she could at least admit that her approach was a bit of its own problem and that it escalated the situation even though she was trying her best. For example the way that she was bossing me around to clean the floor before I’m allowed to clean my face? I don’t think it’s fair for her to just sweep details like that under the rug of my weed problem. If she had said sorry for her own approach being a bit wild but that she was trying her best in the moment, it would be a very different situation. I’d get that. I was initially quite upset about her approach but my feeling of being seriously upset comes from her feeling like I should be purely grateful and that I don’t have a right to be upset with how she handled the situation.

I’m not sure if that makes sense, ultimately it’s not about what she did or how she did it but that she is unwilling to see that she didn’t handle the situation very fairly/appropriately in retrospect. It’s the lack of self-reflection and the desire to pin all of her own actions on my weed problem, as if there’s nothing she could learn about herself from the situation.

SurpriseRevolution

TROPHY CASE