Page 7 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 7

Definition Of A Dividend







                                                             Transfer
                           Company                            amount                           Person








                                                             Will be a
                                                        dividend if it is

                                                         in respect of a

                                                         share held in               Then                 Dividends tax
                                                          the company
                                                                                                         consequences







                                 Not a dividend if:

                             • Distribution of ctc

                    • Distribution of co own shares                                                            CGT

                     • Share buy-back of listed co                               Then               consequences
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