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)
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