But there's no guidelines what you should mark it as. So you could declare
it as "Foreign Investment Income" which has a different tax rate.
On Thu, Jan 18, 2018 at 11:18 AM, lindsey kiviets <lindseyak@xxxxxxxxxxx>
wrote:
that's if u declare it as a capital gain.
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx>
*Sent:* 18 January 2018 08:59 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
If it’s not your primary income, isn’t it taxed at the highest rate.
Sent from my iPhone
On 18 Jan 2018, at 10:49, lindsey kiviets <lindseyak@xxxxxxxxxxx<mailto:
lindseyak@xxxxxxxxxxx>> wrote:
other taxable receipts are fully taxable. Its added to your taxable income
and you get taxed accordingly.
so maximum marginal rate would be 41%.
But that would be the net that you put in there.
________________________________
From: cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx> <
cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx>> on
behalf of Ilitirit Sama <ilitirit@xxxxxxxxx<mailto:ilitirit@xxxxxxxxx>>
Sent: 18 January 2018 08:40 AM
To: cpt-fgc@xxxxxxxxxxxxx<mailto:cpt-fgc@xxxxxxxxxxxxx>
Subject: Re: Hello
What's the rate on "other taxable receipts"?
What about if it's coins you bought cheaply then sold for a profit?
On Thu, Jan 18, 2018 at 9:01 AM, lindsey kiviets <lindseyak@xxxxxxxxxxx
<mailto:lindseyak@xxxxxxxxxxx>> wrote:
it should go under "other taxable receipts" if you frequently buy and sell.
if its a big amount and your intention was to keep it for a long time but
u went all in and sold all, then its cgt.
I don't know about how one declares mining expenses and kuk against this,
coz ppl don't factor that kuk in.
________________________________
From: cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx> <
cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx>> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx<mailto:
alasdair.donaldson@xxxxxxxxxx>>
Sent: 18 January 2018 06:54 AM
To: cpt-fgc@xxxxxxxxxxxxx<mailto:cpt-fgc@xxxxxxxxxxxxx>
Subject: RE: Hello
Capital gains on currency exchange?
*Not a tax person either.
From: cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx> [
mailto:cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx
<cpt-fgc-bounce@xxxxxxxxxxxxx%3Cmailto:cpt-fgc-bounce@xxxxxxxxxxxxx>>] On
Behalf Of Ilitirit Sama
Sent: 18 January 2018 8:53 AM
To: cpt-fgc@xxxxxxxxxxxxx<mailto:cpt-fgc@xxxxxxxxxxxxx>
Subject: Re: Hello
Declaring them is not an issue. What do you declare them as?
My friend as his accountant and even she doesn't know.
On Thu, Jan 18, 2018 at 8:37 AM, lindsey kiviets <lindseyak@xxxxxxxxxxx
<mailto:lindseyak@xxxxxxxxxxx>> wrote:
being that its becoming regulated the crypto market should in theory hold
more weight in the investment side of things.
Better questions should be asked:
Should you declare crypto gains? yes
will you declare crypto gains? tsek
________________________________
From: cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx> <
cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx>> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx<mailto:
alasdair.donaldson@xxxxxxxxxx>>
Sent: 18 January 2018 06:28 AM
To: cpt-fgc@xxxxxxxxxxxxx<mailto:cpt-fgc@xxxxxxxxxxxxx>
Subject: RE: Hello
It’s funny watching the meltdown on the forums. Most of the people
investing here don’t understand what a market correction is… or why
bitconnect was more of a Ponzi scheme than anything else.
From: cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx> [
mailto:cpt-fgc-bounce@xxxxxxxxxxxxx<mailto:cpt-fgc-bounce@xxxxxxxxxxxxx
<cpt-fgc-bounce@xxxxxxxxxxxxx%3Cmailto:cpt-fgc-bounce@xxxxxxxxxxxxx>>] On
Behalf Of Nicholas Robertson-Muir
Sent: 18 January 2018 7:52 AM
To: cpt-fgc@xxxxxxxxxxxxx<mailto:cpt-fgc@xxxxxxxxxxxxx>
Subject: Re: Hello
You bet.
On Jan 17, 2018 23:43, "Donaldson, Alasdair" <
alasdair.donaldson@xxxxxxxxxx<mailto:alasdair.donaldson@xxxxxxxxxx>>
wrote:
Yeah, best to hold onto that R100 investment.
Sent from my iPhone
On 17 Jan 2018, at 19:49, richard moorcroft <greattekkenmaster@xxxxxxxxx<
mailto:greattekkenmaster@xxxxxxxxx><mailto:greattekkenmaster@xxxxxxxxx
<mailto:greattekkenmaster@xxxxxxxxx>>> wrote:
Can you guys not throw so much money around??? It's too risky this Bitcoin
kak
On 17 Jan 2018 18:43, "Nicholas Robertson-Muir" <nicmuir@xxxxxxxxx<mailto:
nicmuir@xxxxxxxxx><mailto:nicmuir@xxxxxxxxx<mailto:nicmuir@xxxxxxxxx>>>
wrote:
My bitcoins are worth half of my last buy in, I'll lose R250 if I sell.
From just buy and sell, I've made just over R100, which I didn't re-invest.
I'm not selling.
On Jan 17, 2018 5:22 PM, "Ilitirit Sama" <ilitirit@xxxxxxxxx<mailto:ili
tirit@xxxxxxxxx><mailto:ilitirit@xxxxxxxxx<mailto:ilitirit@xxxxxxxxx>>>
wrote:
I'm doing great. I sold the bulk of my holdings more than a month ago.
Back then I said I foresee BTC targeting $7k (it was $18k at the time).
It's currently at around $9.6k. I did lose about R8k from mining income
but I had no intention of moving that around anyway. I'll just wait for
that to recover. Then this coin I had that I spent R200 on and it shot up
to about R220k. Didn't sell. It's down to about R65k now. Still not
going to sell. I mean, I literally only spent R200 on it...
On Wed, Jan 17, 2018 at 1:13 PM, Donaldson, Alasdair <
alasdair.donaldson@xxxxxxxxxx<mailto:alasdair.donaldson@xxxxxxxxxx
<mailto:alasdair.donaldson@xxxxxxxxxx<mailto:alasdair.donaldson@xxxxxxxxxx>>> wrote:
So… how’re all you crypto currency fans doing?
________________________________
The information in this e-mail is confidential and may be legally
privileged. It is intended solely for the addressee. Access to this e-mail
by anyone else is unauthorized. If you have received this communication in
error, please address with the subject heading "Received in error," send to
the original sender, then delete the e-mail and destroy any copies of it.
If you are not the intended recipient, any disclosure, copying,
distribution or any action taken or omitted to be taken in reliance on it,
is prohibited and may be unlawful. Any opinions or advice contained in this
e-mail are subject to the terms and conditions expressed in the governing
KPMG client engagement letter. Opinions, conclusions and other information
in this e-mail and any attachments that do not relate to the official
business of the firm are neither given nor endorsed by it.
KPMG cannot guarantee that e-mail communications are secure or error-free,
as information could be intercepted, corrupted, amended, lost, destroyed,
arrive late or incomplete, or contain viruses.
This email is being sent out by KPMG International Cooperative ("KPMG
International") on behalf of the local KPMG member firm providing services
to you. KPMG International Cooperative ("KPMG International") is a Swiss
entity that serves as a coordinating entity for a network of independent
firms operating under the KPMG name. KPMG International provides no
services to clients. Each member firm of KPMG International is a legally
distinct and separate entity and each describes itself as such. Information
about the structure and jurisdiction of your local KPMG member firm can be
obtained from your KPMG representative.
This footnote also confirms that this e-mail message has been swept by
AntiVirus software.
**********************************************************************
The information in this e-mail is confidential and may be legally
privileged. It is intended solely for the addressee. Access to this e-mail
by anyone else is unauthorized. If you have received this communication in
error, please address with the subject heading "Received in error," send to
the original sender, then delete the e-mail and destroy any copies of it.
If you are not the intended recipient, any disclosure, copying,
distribution or any action taken or omitted to be taken in reliance on it,
is prohibited and may be unlawful. Any opinions or advice contained in this
e-mail are subject to the terms and conditions expressed in the governing
KPMG client engagement letter. Opinions, conclusions and other information
in this e-mail and any attachments that do not relate to the official
business of the firm are neither given nor endorsed by it.
KPMG cannot guarantee that e-mail communications are secure or error-free,
as information could be intercepted, corrupted, amended, lost, destroyed,
arrive late or incomplete, or contain viruses.
This email is being sent out by KPMG International Cooperative ("KPMG
International") on behalf of the local KPMG member firm providing services
to you. KPMG International Cooperative ("KPMG International") is a Swiss
entity that serves as a coordinating entity for a network of independent
firms operating under the KPMG name. KPMG International provides no
services to clients. Each member firm of KPMG International is a legally
distinct and separate entity and each describes itself as such.
Information about the structure and jurisdiction of your local KPMG member
firm can be obtained from your KPMG representative.
This footnote also confirms that this e-mail message has been swept by
AntiVirus software.
________________________________
The information in this e-mail is confidential and may be legally
privileged. It is intended solely for the addressee. Access to this e-mail
by anyone else is unauthorized. If you have received this communication in
error, please address with the subject heading "Received in error," send to
the original sender, then delete the e-mail and destroy any copies of it.
If you are not the intended recipient, any disclosure, copying,
distribution or any action taken or omitted to be taken in reliance on it,
is prohibited and may be unlawful. Any opinions or advice contained in this
e-mail are subject to the terms and conditions expressed in the governing
KPMG client engagement letter. Opinions, conclusions and other information
in this e-mail and any attachments that do not relate to the official
business of the firm are neither given nor endorsed by it.
KPMG cannot guarantee that e-mail communications are secure or error-free,
as information could be intercepted, corrupted, amended, lost, destroyed,
arrive late or incomplete, or contain viruses.
This email is being sent out by KPMG International Cooperative ("KPMG
International") on behalf of the local KPMG member firm providing services
to you. KPMG International Cooperative ("KPMG International") is a Swiss
entity that serves as a coordinating entity for a network of independent
firms operating under the KPMG name. KPMG International provides no
services to clients. Each member firm of KPMG International is a legally
distinct and separate entity and each describes itself as such. Information
about the structure and jurisdiction of your local KPMG member firm can be
obtained from your KPMG representative.
This footnote also confirms that this e-mail message has been swept by
AntiVirus software.
________________________________
The information in this e-mail is confidential and may be legally
privileged. It is intended solely for the addressee. Access to this e-mail
by anyone else is unauthorized. If you have received this communication in
error, please address with the subject heading "Received in error," send to
the original sender, then delete the e-mail and destroy any copies of it.
If you are not the intended recipient, any disclosure, copying,
distribution or any action taken or omitted to be taken in reliance on it,
is prohibited and may be unlawful. Any opinions or advice contained in this
e-mail are subject to the terms and conditions expressed in the governing
KPMG client engagement letter. Opinions, conclusions and other information
in this e-mail and any attachments that do not relate to the official
business of the firm are neither given nor endorsed by it.
KPMG cannot guarantee that e-mail communications are secure or error-free,
as information could be intercepted, corrupted, amended, lost, destroyed,
arrive late or incomplete, or contain viruses.
This email is being sent out by KPMG International Cooperative ("KPMG
International") on behalf of the local KPMG member firm providing services
to you. KPMG International Cooperative ("KPMG International") is a Swiss
entity that serves as a coordinating entity for a network of independent
firms operating under the KPMG name. KPMG International provides no
services to clients. Each member firm of KPMG International is a legally
distinct and separate entity and each describes itself as such. Information
about the structure and jurisdiction of your local KPMG member firm can be
obtained from your KPMG representative.
This footnote also confirms that this e-mail message has been swept by
AntiVirus software.
**********************************************************************
The information in this e-mail is confidential and may be legally
privileged. It is intended solely for the addressee. Access to this e-mail
by anyone else is unauthorized. If you have received this communication in
error, please address with the subject heading "Received in error," send to
the original sender, then delete the e-mail and destroy any copies of it.
If you are not the intended recipient, any disclosure, copying,
distribution or any action taken or omitted to be taken in reliance on it,
is prohibited and may be unlawful. Any opinions or advice contained in this
e-mail are subject to the terms and conditions expressed in the governing
KPMG client engagement letter. Opinions, conclusions and other information
in this e-mail and any attachments that do not relate to the official
business of the firm are neither given nor endorsed by it.
KPMG cannot guarantee that e-mail communications are secure or error-free,
as information could be intercepted, corrupted, amended, lost, destroyed,
arrive late or incomplete, or contain viruses.
This email is being sent out by KPMG International Cooperative ("KPMG
International") on behalf of the local KPMG member firm providing services
to you. KPMG International Cooperative ("KPMG International") is a Swiss
entity that serves as a coordinating entity for a network of independent
firms operating under the KPMG name. KPMG International provides no
services to clients. Each member firm of KPMG International is a legally
distinct and separate entity and each describes itself as such.
Information about the structure and jurisdiction of your local KPMG member
firm can be obtained from your KPMG representative.
This footnote also confirms that this e-mail message has been swept by
AntiVirus software.
===================
======
You are subscribed to the Cape Town Fighting Game Community mailing list.
Click here to unsubscribe:
//www.freelists.org/list/cpt-fgc
