(c)     “extraordinary exempt dividends” means so much of the amount of the aggregate of any exempt dividends received or accrued within the period of 18 months contemplated in subparagraph (1)-

(i)      as exceeds 15 per cent of the proceeds received or accrued from the disposal contemplated in that subparagraph ; and

(ii)     as has not been taken into account as an extraordinary dividend in terms of paragraph 43A (2).

[Item (c) substituted by section 69(1)(d) of Act 17 of 2009, by section 109(1)(b) of Act 24 of 2011 and by section 55(c) of Act 34 of 2019]