Page 36 - P6 Slide Taxation - Lecture Day 4
P. 36
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)