Wesley Grimm, Webber Wentzel
Joon Chong, Webber Wentzel
By Joon Chong (Partner) and Wesley Grimm (Candidate Attorney) of Webber Wentzel.
The Taxation Laws Amendment Bill (TLAB), released on 25 October 2017, proposes measures intended to target certain share buy-back and dividend stripping arrangements. Exempt dividends which are “extraordinary dividends” received or accrued (i) 18 months prior to a disposal of shares; or (ii) in respect, by reason or in consequence of such disposal, could result in these dividends being treated as income or proceeds for capital gains tax (CGT) purposes. (more…)
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