When individuals own or buy shares in a company they are liable for Franking Credit (Imputation Credit). Franking credits are only available to Australian residents. Learn How to calculate Franking Credits and who all are entitled to get Franking Credit? To...
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When individuals own or buy shares in a company they are liable for Franking Credit (Imputation Credit). Franking credits are only available to Australian residents. Learn How to calculate Franking Credits and who all are entitled to get Franking Credit? To reduce income tax that needs to be paid on dividends tax credit idea was introduced which means shareholders can receive franking credits as a tax refund. To avoid the double taxation system, Franking Credit came into play. No matter in whichever growth shares one has invested, shareholders must hold shares for 45 days or more, so they can be allowed to take advantage of Franking Credits. Do company research and analysis to buy the best shares in Australia.
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