Did you sell your IINET shares in the scheme of arrangement with TPG and have you completed your tax return?
I am preparing my tax return and can't find any statement telling me about the three payments I received.
One payment was a capital gain and that much I understand.
There was also a separate payment of a special dividend and a separate payment of a cash top up.
I need to know how much franking was applied to the special dividend and the cash top up payment.
I have found the ATO tax ruling -
http://law.ato.gov.au/atolaw/view.htm?docid="CLR/CR201571/NAT/ATO/00001"
It says that the special dividend was "fully franked". Does that mean 30%?
It says nothing about the top up payment with regards to franking. Does that mean zero franking?
I am not even sure if the cash top up payment is a dividend, or a part of the capital gain?
I rang TPG for advice a week ago and was told they would ring back. Still waiting.
I might have to see a tax accountant about this, but I lack confidence in their advice after a bad experience.
Any help would be much appreciated.
Did you sell your IINET shares in the scheme of arrangement with...
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