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Yes franking credit reduces the amount of the tax to pay.Think...

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stillsmokin

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30/12/23

14:13

Post #: 71668371
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Originally posted by pete11: ↑

hi guys, i got my divvy in the bank today already so im happy, but i have a little question.

Say someones income tax rate is 15% , and they get the FF pl8 divvy, does that mean that their FF pl8 divvy
is now NOT taxed?, so tax "free" and the franking credit on that dividend they get as a refund from the ATO, to reduce whatever tax they have for the yr.
is this how that works? in this eg.

so say someones tax bill was $5,000 and they have a $500 franking credit because of their PL8 shares, that persons tax bill would now be $4500 right?

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Yes franking credit reduces the amount of the tax to pay.
Think of the franking credit as prepaid tax.
Cheers

PL8 Price at posting: $1.18 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.19		Change 0.000(0.00%)		Mkt cap ! $887.1M

Open	High	Low	Value	Volume
$1.20	$1.20	$1.19	$325.5K	272.9K

Buyers (Bids)

No.	Vol.	Price($)
6	204178	$1.19

Sellers (Offers)

Price($)	Vol.	No.
$1.20	32700	4

View Market Depth

No.	Vol.	Price($)
6	204178	1.185
21	313944	1.180
4	10277	1.175
10	157276	1.170
1	854	1.165

Price($)	Vol.	No.
1.195	32700	4
1.200	154188	6
1.205	238219	8
1.210	150260	7
1.215	185451	4

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $1.19			Change 0.000 ( 0.21 %)
Open	High		Low	Volume
$1.19	$1.20		$1.19	250759
Last updated 15.58pm 06/05/2024 ?

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