Dividends

Question 1

S10(k)(i) dividend exemption

Answer 1

Dividend accrued to any person from a local source

Question 2

Contributed tax capital

Answer 2

Non resident becomes resident. Ctc is mv of shares immediately before, and consideration received for shares issued after.

Directors determine how much of distribution is ctc

Distributions provisio requires that ctc be calculated as ratio of shares held to all shares x ctc

If have caps issue

Question 3

S64 E dividend tax

Answer 3

Any distribution by resident co or foreign co on jse (if not in specie)
Loan interest can be a dividend
Company liable for tax if in specie

Question 4

S64 F div tax Exemptions for cash

Answer 4

To a resident company 
Pbo
Foreign cos on jse
Cis
Stc
Tax free investment

Question 5

S67 FA exempt div in specie

Answer 5

If declare it would be exempt if was cash

Same group of companies

Question 6

S64J stc

Answer 6

No div tax in respect of div paid not exceed stc credit reduction

Question 7

Dividend definition

Answer 7

Any amount transferred by a company for the benefit of a share.

Excludes ctc and share buyback
and funded by revenue reserves, not ctc