Page 52 - P6 Slide Taxation - Lecture Day 4

EXAMPLE

3. Techaps (pty) ltd declared a dividend of R2,00 per share on

15 december 2013 that is payable to all shareholders registered on

31 december 2013. Techaps (pty) ltd paid the total dividend of R10

000 000 to its shareholders on 5 january 2014. One of its

shareholders, a portfolio of a CIS securities (a regulated

intermediary), holds 20% of its shares. The other shares are held by

natural persons who are residents. The CIS in securities paid a

dividend of R20 000 000 (which includes the dividends received from

techaps (pty) ltd) to its unit holders on 28 february 2014. All its unit

holders are natural persons who are residents in south africa.