Calculate the dividends tax payable on the following transactions.

INFORMATION:

Ottimo (Pty) Ltd, a resident company that was formed in 2004, has a 31 March financial year-end. The company distributed the following amounts/assets to its sole shareholder, Mr Otto, on 1 July 2018:

• a cash distribution of R1 000 000;

• an in specie distribution of trading stock with a market value of R500 000 (the trading stock was acquired on 10

  April 2016 at a cost price of R300 000);

• an in specie distribution of a building with a market value of R1 500 000 (the building was acquired on 12 July

  2006 for R1 200 000; the building did not qualify for any capital allowances).

• A capitalisation issue of equity shares amounting to R150 000