We are in the process of buying out a majority shareholder and would like to know if we can legally declare a dividend inclusive of tax with an undetermined payment date after we have bought the shares from the majority shareholder. So the % split would still be the same, tax implication would be the same but the majority shareholders payment would remain in the company.

This allows for the existing shareholders to reinvest the dividend back into the company by buying shares. Only once the payment date is determined can the money and tax be released / paid.