Liquidating investment


Because our investor lost money on the investment, I assume the payment is still less than his adjusted basis in the PFIC shares–after the reduction from the first payment.Fortunately, our investor does not need to pay tax on the losses from the PFIC liquidation.EDINBURGH — Financial emigration is a complex business, with many unexpected costs as you sever the ties with South Africa.Many people don’t officially emigrate, finding it easier to slowly liquidate assets and shift funds offshore. Expect to pay anything from R15 000 to R50 000 to have your portfolio assessed and smart plans put into place to liquidate investments.For more information about Morgan Stanley, please visit This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.



For further information about Morgan Stanley Investment Management, please visit .As far as I know, there is no special rule for treating losses from the sale of a PFIC. (NYSE: TKF) (the “Fund”) announced today that the net asset value per share of the Fund for purposes of calculating the final liquidating distribution to stockholders was $9.1469 as of December 22, 2017 (the “Effective Date”).The IRS has not adopted any regulations on this matter, but the proposed regulations are fairly clear: Liquidating distributions are treated dispositions of the PFIC shares, not distributions in respect of shares; and a series of liquidating distributions is treated as a series of dispositions on each liquidating distribution date. Thus, the first cash payment is treated as payment in exchange for the PFIC shares.

Because our investor lost money on the investment, I assume the payment is less than his adjusted basis in the PFIC shares. Likewise, the second cash payment is treated as payment in exchange for the PFIC shares.

– Jackie Cameron By Dawn Ridler* Whenever uncertainty increases, South Africans start looking at how liquid they are if they want to get up and go, and this is one of those times.