Appreciate your reply. That was my understanding too.
By changing to a trust they can pay out the higher dividend with no franking credits rather than paying the lower dividend with franking credits attached. Then, yes, the distribution receiver is liable for tax on the whole lot.
Thats my understanding. I'm not a shareholder but it seems to suit this style of business in my opinion.
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Appreciate your reply. That was my understanding too. By...
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