shortentaxlosers.com.au All explained. It's not just a retiree tax. 8.1 million people will lose franking credit cash refunds.
People under $37k 10.500,000
Less exempt pensioners -3,500,000
583,000 SMSF Accumulation mode 583,000
This article is from the April 8 issue of The Age Digital Edition. To subscribe, visit https://theage.digitaleditions.com.au/.
LABOR'S CHANGES A TAX ON WIDOWS
Labor’s latest attack on franked dividends is not a tax on the wealthy, it is a tax on widows.
Let me show you...
the ATO gives this example:
Example 7: Substantially identical shares
Jessica has held 10,000 shares in Mimosa Pty Ltd for 12 months. She purchased an additional 4,000 shares in Mimosa Pty Ltd 10 days before they became ex-dividend (the day after the last day on which acquisition of the...
Got another nooby question to do with dividends :P
I have held onto two stocks ($10,000 amounts each) for only a week (under the 45 day period required), however the dividend amount is only $350 (50% franked) and $120(100% franked), which I assume makes me eligible for getting...
hi i'm a complete newbie so please be patient with my dumb questions. Is there a software program/website that can calculate how much franking credits is required to reduce tax to zero? for example - how many westpac bank shares would i need to buy to obtain enough franking credits to reduce...