Draft IN – Extraordinary dividends treated as income or proceeds on disposal of certain shares
Overview
The submission contains SAICA’s comments on the the on the Draft Interpretation Note (IN) that provides guidance on the interpretation and application of section 22B and paragraph 43A relating to the income tax treatment of extraordinary dividends on certain disposals and deemed disposals of shares by a company to prevent so-called “dividend stripping”.
Author | Sharon Smulders and David Warneke |
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Division | Tax |
Keywords | Section 22B paragraph 43A extraordinary dividend qualifying interest |
Categories | Tax |
Date | 14 January 2022 |
File |