Australian (ASX) Stock Market Forum

Tax question on Telecom NZ (TEL) dividends

Apr 17, 2013
can any one give me an idea on where and what to enter in etax the details for my wifes dividends for telecom NZ shares. would be a shame to have to see a tax agent or accountant just for 1 share holding.

she has a reasonable portfolio of shares most of which i have no trouble with come tax time dealing with dividends/franking credits/capital returns/tax deferred/capital gains & losses but this one being what i assume is foreign income even though TEL is listed on the asx that shows a supplementary dividend for australian shareholders that i assume negates the charging of NZ witholding tax. Figures are as follows in $AU

Dividend $75.63
Sup Dividend $10.01
Total Aus $85.64
NZ WHtax $12.85
Net Div $72.79

Do i declare the dividend as $85.64 and somewhere claim the NZ WHtax in item 13 or as $72.79
and do i enter this as foreign income in item 20 and if so which figure.

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