Dividend Stripping and Franking Credits, page-11

  1. 2,361 Posts.
    lightbulb Created with Sketch. 715
    just as a joke then.....

    wash is not ur problem. holding period rule is the hang-up..... 45 days (as u say) ..... it uses last in, first out irrespective of what method u use for taxable profit/loss calculations.

    2nd parcel is not deemed to have been held for 45 days.... so no franks.... but u have to tell ato as it is the registry that puts that money in ur entity name at ato and says it did that on divvy paperwork ....... so that franking is just waiting at ato for a "home".

    u have to tell ato that the money home is not u...... many forget perhaps to do that eek.png

    end joke.
    Last edited by 1stPrize: 22/02/23
 
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