You’re assessed on the grossed up amount. Ie cash dividend (being WPL market value of the shares at the date of distribution) plus the franking credits which represents tax already paid by BHP. This avoids double taxation which is the intention of our imputation system.
easiest way of looking at it is that the grossed up value has had 30% tax withheld, so it’s logical in a 15% taxed accumulation superfund that you’d get half the franking credit back.
Ann: Merger update and details of Woodside share distribution, page-37
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$43.08 |
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Mkt cap ! $217.9B | |||
| Open | High | Low | Value | Volume |
| $43.05 | $43.21 | $42.75 | $381.3M | 8.870M |
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| No. | Vol. | Price($) |
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| 2 | 11194 | $43.07 |
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| Price($) | Vol. | No. |
|---|---|---|
| $43.08 | 27135 | 3 |
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