Dividend Stripping and Franking Credits, page-2

  1. 1,633 Posts.
    lightbulb Created with Sketch. 49
    your thinking is wrong

    you held the 4000 shares for 6 months so you are entitled to dividends on those

    nothing more, nothing less

    you bought the others just before the ex div, so you arent entitled to dividends on those

    the move you make by buying another 4k then selling the other 4k does very little. it also remove your 6 months of accumulated capital gains tax discount so you wont be entitled to that unless you wait another year
 
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