Page 7 - F6 - Special Deductions

Example

During the year of assessment Shares Ltd issued 4

equity shares to each of its 74 employees ito a broad

based employee share plan. The employees paid R1

per share.

Calculate the amount of the deduction

according to s 11(lA) if the market value of

each share was

 A) R2 000

 B) R4 000