Company Tax Fundamentals - Dividends & Franking
By Peter Adams
1h 58m CPD time
Difficulty: Intermediate
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In Part 3 of the Company Tax Fundamentals series, we cover:
What are dividends?
Share capital tainting
Deemed dividends
Excessive payments under s 109 ITAA 1936
Division 7A
Tax treatment of miscellaneous share transactions
Bonus share issues
Distribution by liquidators
Assessability of dividend income
Franking and imputation system
Entitlement to tax offsets
Types of distributions
Franking credits
Distribution statements
Benchmark, Anti-streaming and Disclosure rules
Franking account transactions
Franking deficit tax (FDT) and overfranking
Other tax offsets
Date recorded: 11 December 2023