Page 10 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
P. 10
Solution
1. Amounts transferred for the benefit of shareholders in
respect of shares held by them = dividend
2. R200 000 distributed that represented a reduction in
contributed tax capital, ≠ dividend
balance of R3 800 000 is transferred for the benefit of
shareholders in respect of shares held by them = dividend
3. R100 000 distributed that represented a reduction in
contributed tax capital, ≠ dividend
balance of R900 000 = dividend (share buy-back not
listed)
4. Buy-back of listed shares ito s 5 of JSE listing requirements
≠ dividend
5. Paid on behalf of shareholder = dividend
