dividend imputation

Tax losses and franking offsets for corporates

  Companies are not entitled to a refund of franking tax offsets, however they may be able to convert them to carried forward losses in subsequent years. Companies are able to choose the amount of prior year losses they wish to deduct, after first having offset losses against net exempt income. There are however the

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Could your SMSF survive losing refundable franking credits?

  You may or may not subscribe to the belief that Australia faces a change of government in the near future. The arguments for and against and the volume of discussions held over the barbecue are likely to ramp-up in the time between now and the next federal election, which must be held before the

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Company tax reduction franking implications

The recent cut to the tax rate for incorporated businesses that turnover less than $50 million a year, while generally welcomed, can bring with it some important considerations when it comes to distributing franked dividends. The rate change to 27.5% is to be staggered, starting with companies that turnover up to $10 million a year,

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New company tax rate — beware of franking implications

The recent cut to the tax rate for small incorporated businesses, while generally very welcome, can bring with it some important considerations when it comes to making franked distributions. The rate change to 28.5% means that small businesses could easily frank dividends in excess of the underlying taxes paid on their profits and “overdraw” on

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