Can a company (Pty Ltd) provide lump sum gifts to individuals not shareholders of the company.

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(Newbie)Newbie

16 July 2021

My parents have sold an asset in their company and would like to gift the children the proceeds from that sale. The children are not shareholders or Directors in our parents company. What are the tax implications for the company (post any Capital Gains Tax or Yearly Income Tax). Also is their any tax implications for the children if gifted the money from a company they have no association with?

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