Page 15 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
P. 15

Limitation on distributions




                    from ‘ctc’ made to a holder of a




                                                                share







                                                              LIMITATION






              Total amount of ‘ctc’

           attributable to that class                           No of shares of that class held by the S/H

           immediately before the                                   Total number of shares of that class

                         transfer
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