"Franked Dividends. A voucher for a franked dividend paid by an Australian company shows a gross amount, an imputed tax credit (or rebate) and a net amount which is what the shareholder actually receives. The Australian tax credit reflects the underlying tax paid by the company on its profits (see INTM164010) and a portfolio shareholder (see INTM164010) is not entitled to credit for this tax. The correct measure of the dividend for UK tax purposes is the net amount of the dividend."
It appears franking doesn't mean anything for us. If you receive equivalent of £1K of franked dividend, you will pay tax on it at your nominal rate.
Best to push as much EMR shares into ISA/SIPP in the UK, as my understanding is that dividends that are paid on shares held in those accounts are exempt from tax.
EMR Price at posting:
$3.60 Sentiment: None Disclosure: Held
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