Page 7 - P6 Slide Taxation - Lecture Day 4
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                                                            CGT

                                                shares                               Then

                         • Share buy-back of listed co                                                  consequences
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