Unit 3: Dividends & Imputation - 2024

Part 3 of this program covers dividends, franking credits, the imputation system, franking account transactions, Division 7A & more.

In this unit, 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: 16 October 2024