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@villeverte EE responded: This is a foreign dividend with foreign tax the DTA doesn't apply. DTA applies if it's a foreign dividend and local tax is being charged. Investopedia does say: Nonresident aliens are subject to a dividend tax rate of 30% on dividends paid out by U.S. companies. So...

@villeverte I have logged a ticket to find out whether it is correct, will keep you posted

@faith4l 2024-04-22 Foreign Dividend Withholding Tax GLOBAL-Foreign Dividend Withholding Tax @30.0472%

@ocd Didn't even see that, that's a horrible investment. It would be best to sell those investement properties and use it to purchase the new 7,3mil property because of the high interest rates in SA and then investing the rest.

@mehrtens Nothing added to your question except agree you are highly exposed on debt, but insane to see a R3,4m house is only generating R13k in net rental, you would be better off putting that money in the bank to generate interest income nevermind ETFs at those returns

@danieldior What does living overseas and $5000 not being alot in the US have to do with what you make as a day trader?

I just received dividends from my 10X Total World Feeder ETF (TFSA) and was taxed at about 30% on the global dividends, Satrix MSCI World ETF doesn't distribute dividends, would this mean that there is no tax implication on these essentialty meaning I save the 30% because they don't pay out the...

@verronney If you are not looking at buying further properties as rental income I dont think trusts will be necessary with high trust tax rates you would need to create a company as well so that the properties are in the company and the trust becomes share holder to avoid taxes. This can become...

@verronney Not sure if I understand did he buy the property for you? Are you receiving the rental income and is the property registered on your name? If so you could certainly do that and use the interest as a tax write off. It currently is a buyers market because of the high interest rates so...

@s307kingsley Quick question regarding municipal rates at clicks Do you earn the 15% as with regular purchases on level 5 with ebucks when paying rates their. I know with checkers money market payments are excluded from ebucks earn, is this not the case at clicks I always assumed as much?

@s307kingsley You haven't included the checkers earn in your FNB ebucks calculations, you can earn 15% on level 5 for spending at checkers.

@s307kingsley Question 2 Not sure on business but with private wealth it is capped at R2750 per month or 20% of your monthly spend on the account whichever is lower, of fuel which you can earn ebucks on. Haven't had a business bank account with FNB for a while but used to be the same not sure...

@sungw Looks like the MSCI World does not pay out dividends is that correct?