The 45 day rule
You do not need to hold the stock for 45 days if the dividends are worth less than $5000.00 and you still get the full franking...
"Fully franked dividends and franking credits make investing in Australian shares a tax effective strategy. However, the ATO realises this and to prevent investors from abusing the system they introduced the 45 day rule. The 45 day rule states that shareholder must hold shares for 45 days (not counting days of purchase or sale) for any franking credits over $5,000."
rethinking woolworths, page-35
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Last
$29.85 |
Change
0.210(0.71%) |
Mkt cap ! $36.46B | |||
| Open | High | Low | Value | Volume |
| $29.73 | $30.00 | $29.70 | $56.28M | 1.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7 | $29.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.97 | 7929 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WOW (ASX) Chart |