SGB
Syria Gulf Bank
stock NYSEAMERICAN

Can someone help me?
I bought SGB from Groww platform when the tranche was announced. I didn't buy an existing SGB. I subscribed and gpt the bond. Am I safe from the taxation?

I always planned to hold to term or close to term, but now i worry that because of this, there will be huge amounts of forced selling at the close date of the SGB, and we'll get bad rates on the exit day. This will probably completely neutralize the tax advantage it would have given us anyway.
Vote smart and get these idiots out of power, so the next govt can repeal this

Yes, that's the sentiment behind the 10% drop in SGB prices today.

SGB Fiasco. Tax Trap ?

Bond price doesnt matter on Maturity, you will be paid as per the market price of Gold.
Atleast now trading in SGB will end, earlier SGBs were sold at a discount, now it will go back to it.
I am holding my SGBs & taxes dont seem unjustified to me. Look SGBs were launched in place of gov bonds, so that if gold price doesnt go up much, these bonds will be cheaper for govt to raise money. Now that the bonds have given higher return (expensive loan for gov), they are adding taxes (that too not as per your slab, but capital gain type).

No. You would not have to pay taxes in this case since the bond was still owned by you (same PAN) across the various demat accounts.
In other words, as long as an SGB is linked to a certain PAN from first issue by RBI till maturity after 8 years, that PAN would get tax exemption if there's any capital gains from that SGB.

One option is to do tax harvesting every year, to soften the blow of taxation in case it continues to raise. They are likely to increase the deduction as long as they are increasing the LTCG.
When you do tax harvesting in MFs you have to sell (long term units with gain) and buy at the same time before cut-off time of the day, to gate same price for buy and sell.
The SGB thing is unfortunate, its one of 0-taxed items which is actually burning a big hole for govt/RBI due to non-linear raise of gold price, so they are trying to get some tax out of it where possible. I don't think they would aggressively scale LTCG.

They can always do that.. and for SGB I guess the tax implication is for people who have bought the bonds from secondary market and will not hold the bond for the entire 8 years period.

Servus zusammen,
Ich habe mir mal die Abgabenquoten (Einkommen + Sozialabgaben) bei steigendem Bruttogehalt im internationalen Vergleich angeschaut– DE, US, AT, CH, CA, IE, AU, UK.
Die Grafik zeigt nicht die absolute Steuer, sondern wie viel vom zusätzlichen Brutto effektiv weggeht bzw. netto ankommt. Fokus auf Einkommen aus Lohnarbeit
Was mir dabei besonders auffällt– gerade für deutschland:
**Progression & Grenzbelastung:**
In DE steigt die Abgabenquote sehr früh und sehr steil. Schon im mittleren Einkommensbereich liegt die Grenzbelastung oft dort, wo andere Länder erst deutlich später landen.
Ironischerweise ist ausgerechnet der Bereich, in dem Leute vom Minijob in „mehr Arbeit“ wechseln, einer der mit den höchsten effektiven Grenzbelastungen – verursacht nicht durch Steuern, sondern durch das Sozialrecht. ( Gar nicht im EStG geregelt sondern im SGB. Hä!? Viele Brutto Netto Rechner berücksichtigen das deswegen gar nicht.)
Ist nicht genau dieser Umstand ein Hindernis von Minijob zu Teilzeit zu steigern oder sogar zu Vollzeit?
**Überstunden & variable Vergütung:**
Wenn ein zusätzlicher Euro Brutto zu einem großen Teil in Abgaben verschwindet:
Erklärt das mit, warum Überstunden hierzulande häufig unattraktiv sind oder lieber abgefeiert werden?
Wie seht ihr das aus eigener Erfahrung?
**Teilzeitquote in DE:**
Deutschland hat eine hohe Teilzeitquote – besonders im internationalen Vergleich.
Glaubt ihr, dass die Grenzbelastung (Steuern + Sozialabgaben + Transfers) ein relevanter Treiber ist? Das habe ich zumindest weniger in der Diskussion wahrgenommen ( Presseclub vom Sonntag zB)
Oder sind es primär kulturelle / arbeitsmarktpolitische Faktoren? Die Diskussion zu dem Thema wurde glaube ich allerdings bereits ausführlich geführt…
**Vergleich zu anderen Ländern:**
Auffällig ist, dass Länder mit später einsetzender Progression oder flacherem Verlauf oft stärkere Anreize für Mehrarbeit haben – zumindest rein finanziell.
Natürlich sagt das nichts über staatliche Leistungen, aber die Arbeitsanreiz-Seite finde ich spannend.
Mir geht’s nicht um Deutschland-Bashing, sondern darum ob das System die richtigen Anreize setzt?
Bin gespannt auf eure Meinungen, besonders von Leuten mit Wechsel- und Auslandserfahrung

Started buying Gold ETF & SGB. Can keep for the long term. Might just sell if it touches all time high again.

I know this feels like betrayal but then again what can we do. We can’t fight the government and win. So let the new tax sink in and then stay put in the SGB. I know it hurts to see loosing the notional gains but we all need to come over this feeling

What to do with the SGB that i hold?

You forgot SGB capital gain tax

I transferred my SGB to my wife's demat as gift. Will that be eligible for tax free at maturity?

Gold was around 8k during the last SGB right?
How govt benifiting here?

Yeah, I have 100g that I bought on the RBI retail direct channel. I will hold to maturity and I do not even see any option to sell there.
IMO it is a good move by the government, SGB was not meant to be a speculative asset but to function as a wealth preservation tool.

Name of the SGB itself.

A good number of SGB's got traded between each other. Barely 25% of my current holdings are primary purchased units.

See,
Not every tom dick and harry has SGB.
But, mostly Indians has PPF and SSY and EPF, plus this is a legit source of funds for govt with long lock-in periods.

All SGB were trading at a premium it was supposed to happen someday the budget made it sooner.