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Tax Treatment of Distribution, page-3

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fattchoi

6,635 Posts.

4359

31/08/15

19:49

Post #: 15908297
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Originally posted by magicwand ↑

I'm no expert/accountant, however I have several in my SMSF and from a layman's perspective....

Annual statement... correct.

Dividend vs Distribution... the main difference is that a dividend must be received before 1st July to be included in the pre-July financial year whereas a distribution can be received after June 30th and be income from the pre-July financial year. The annual statement indicates all income that has to be declared.

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Thanks very much for your response.

AJD Price at posting: $1.26 Sentiment: Hold Disclosure: Held
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