Income to you is $1760.44 and will have an imputation credit of $754.47.
You can earn up to $135,000 inclusive of the dividend and no further tax will be payable.
If you are in the lower tax brackets (that is below $45,000) you will end up with a refund if you have paid the correct amount of tax of other income (PAYG Salary income).
The dividend is grossed up in your tax return but will have a tax credit of $754.47 attached.
Therefore Dividend income is $2,514.90 and a tax credit of $754.47. This is 30% of the net dividend which NHC has paid in tax on profits.
Hope this helps.
And CbrMaroon is correct. It will be shown in pre-filling reports in your individual tax returns. At this stage, ATO does not pre-fill this information for Companies, Trusts and Superfunds.
NHC Price at posting:
$4.40 Sentiment: Buy Disclosure: Held
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