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Baskin Ltd , a resident company that was formed in 2 0 0 7 , has a 3 1 March financial year - end. The
Baskin Ltd a resident company that was formed in has a March financial yearend. The company distributed the following amountsassets to its sole shareholder, Mr Sithole, on November :
A cash distribution of R;
An in specie distribution of trading stock with a market value of Rtrading stock was acquired on May at a cost price of R; and
An in specie distribution of a building with a market value of Rthe building was acquired on June for R the building did not qualify for any capital allowances
Required:
Calculate the normal tax consequences arising from the above distributions for Baskin Ltds year of assessment.
Calculate the amount of dividends tax that Baskin Ltd is liable for.
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