What's new
Carbonite

South Africa's Top Online Tech Classifieds!
Register a free account today to become a member! (No Under 18's)
Home of C.U.D.

What trading / buying application to use?

New updates from SARS is coming. But would make sure you keep a track on spending as well as have something off the books. (Hardware wallet.)

Sent from my SM-N950F using Tapatalk
 
How is tax treatment on coins?

like trading stock? or is it capital gains if held for longer than 3 years like shares?

Capital in nature unless SARS can prove trading coins is your "enterprise" where it would be taxed normally for an individual (no different than a day trader) and losses are ring-fenced (a massive loss trading cryptocurrencies cannot bring down your liability arising from gains from other assets)

Obviously if you don't disclose, you're going to be in big shit when the tax man comes along, and they will.
 
Capital in nature unless SARS can prove trading coins is your "enterprise" where it would be taxed normally for an individual (no different than a day trader) and losses are ring-fenced (a massive loss trading cryptocurrencies cannot bring down your liability arising from gains from other assets)

Obviously if you don't disclose, you're going to be in big shit when the tax man comes along, and they will.

So that means you need to register for provisional tax as well?
 

$1.34 at current @SuperLlama I hope you bagged some ;)

Dubai Crypto Fund Sells Bitcoin to Bet on Cardano, Polkadot​

FD7 Ventures is sitting on $1 billion in Bitcoin under management, and the fund is swapping 75% of its current​


 
lets get this going again, exciting times we live in. i'm so glad I found this. so i've been mining RVN for a while definitely keeping some because i feel it might be a really good undervalued altcoin to hold a bit, definitely seeing it hit $1 in the near future. but changed some to ADA.

anyway my question is whats your thoughts on staking ADA and if you are already who did you go with?
 
Bianance coin coming to altcointrader jump in before its too late ...

Stats : 125USD Feb 2021 , 677USD MAY 3 2021 $103,597,708,427.00 marketcap
 

Users who are viewing this thread

Back
Top Bottom