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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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TaxTim says: 5 January 2016 at 8:18 Is the tax-free savings account sanctioned as one by SARS or is it a foreign account? |
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Brilliant says: 5 January 2016 at 13:53 The tax-free savings account is from South Africa. Grindrod's Global Property Income Feeder Fund. |
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TaxTim 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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