Capital gain from liquidating dividends Sex chat without create acount free


31-Oct-2019 18:50

A liquidating dividend is a type of payment that a corporation makes to its shareholders during a partial or full liquidation.

A liquidating dividend is distinguished from regular dividends that are issued from the company's operating profits or retained earnings.

The same was reiterated in 2008 where the SC emphasized that any gain on the part of the stockholder is subject to income tax.

On the part of a liquidating corporation, no tax shall be imposed, as the transfer in liquidation is not treated as a sale.

For instance, in the recent Court of Tax Appeals (CTA) En Banc Case (1702), the Bureau of Internal Revenue (BIR) argued that the capital gains tax is a final tax on the presumed gain from the disposition of a property in exchange for shares of stock pursuant to Section 27 (D)(5) of our tax code.

In invoking this provision, one can assume that the BIR is looking from the viewpoint of the stockholder whereby it has all the characteristic of an outright sale.As A Ltd is not within the charge to corporation tax, it will have no chargeable gain on any capital distribution received.



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