Page 12 - P6 Slide Taxation - Lecture Day 4

WHAT IS CONTRIBUTED TAX CAPITAL

Shares issued by any other co:

Stated capital OR share capital and share premium immediately before 1 jan

2011.

Consideration received by the co for the issue of shares of that class on/after

1 jan 2011

Contributed tax capital transferred to any person holding a share in that

specific class of shares on/after 1 jan 2011 and has by the date of transfer

been determined by the directors to be an amount so transferred (or by a

person or body with comparable authority)

Part of stated capital/sc and sp that would have constituted a dividend, had

it been distributed immediately before 1 jan 2011. [Amount will be given]