Page 16 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
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Example
Bokaba Furniture (Pty) Ltd’s share capital consists of 100
000 issued shares. Peter Bokaba holds 75% of its shares
and Tim Legodi holds 25%. The balance of the company’s
contributed tax capital was R100 000 on 1 October 2015.
In terms of a company resolution, the company decided to
transfer an amount of R100 000 to Peter Bokaba on 1
October 2015. The company’s directors determined that
the entire amount constitutes a transfer of the company’s
contributed tax capital.
Determine the amount of the dividend that was paid to
Peter Bokaba if any.
