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How do I avoid double taxation between RSA and the USA?

Posted 5 January 2016 under Tax Questions



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Brilliant says:
4 January 2016 at 15:41

I just invested in a Global Property index fund held under a tax-free savings account. I believe this is exempted from SARS 15% dividends tax. The IRS tax rate for foreign investment goes as high as 30%! Is there a possible chance that I may be taxed twice, dividends tax and then capital gains tax, when I sell and bring over the amount back in South Africa?

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TaxTimTaxTim says:
5 January 2016 at 8:18

Is the tax-free savings account sanctioned as one by SARS or is it a foreign account?


Brilliant says:
5 January 2016 at 13:53

The tax-free savings account is from South Africa. Grindrod's Global Property Income Feeder Fund.


TaxTimTaxTim says:
5 January 2016 at 14:03

Grindrod should negotiate any taxes with the USA and they seem to be offering this as an after tax product. You would need to speak with them about this however.


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