Page 37 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 37

Solution






              Louis Oosthuizen


              = resident


              = connected person                                                                                              Deemed


              ≠ company                                                                                                       dividend

              loan was granted by virtue of the shares held




              Amount of dividend


              The amount of the dividend is R30 000


              (R1 000 000 (outstanding balance of the loan) × 6%

              (official rate of interest) – 0% (actual interest) × 6/12 (the


              period that Louis owed the amount during DFH’s 2013

              year of assessment)
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