Page 36 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 36

Example







              For the period 1 January 2015 to 30 June 2015, DFH

              (Pty) Ltd’s (‘DFG’) granted a R1 000 000 zero interest


              loan to Louis Oosthuizen. Louis is a resident and DFG’s


              sole shareholder. The loan was granted by virtue of the

              shares held by Louis. DFH has a 30 June year-end.




              Determine whether DFH is deemed to have paid a


              dividend for dividends tax purposes. Assume that the

              official rate of interest was 6% during the period 1


              January 2015 to 30 June 2015.
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