Which of the following payments does not constitute a “dividend” as defined in section 1 of the Income Tax Act?

Question

Accepted Answer

A general repurchase of a listed company’s own shares on the JSE.

Answer

A payment to a shareholder’s spouse made in respect of shares held by the shareholder.

Answer

A distribution on liquidation, excluding contributed tax capital.

Answer

A cash dividend paid by a resident company to its shareholders.

Crowdly