a portion of the tax paid by the company on its taxable profit, and it thus avoids the double payment of tax (ie by the company and the shareholders) on the same income
taxation credits that are passed on to shareholders who have received imputed dividends from holding shares or managed share investments.
A tax credit for shareholders who receive dividends when company tax has already been paid. Dividends which have full company tax paid are known as fully franked. (see also Investing in shares)
A tax credit received from a company for tax it has already paid on the profits it derives.
Under the dividend imputation system, an investor in shares will earn a tax credit for dividends received from a company that has already paid Australian company tax. The tax credits (usually known as imputation credits) can be used to reduce the tax paid on these share dividends or as an offset against tax payable on other income. From 1 July 2000, imputation credits over and above those you need to reduce your tax payable to zero, may be refunded to you or to your super fund by the Taxation Office.
Taxation credits which are passed onto shareholders who have received franked dividends in relation to their shareholdings.
Tax credits available to an investor who receives franked dividends or distributions. These credits are available to offset the investor's tax liability. Should the tax liability be zero, then for certain investors the credits are refundable.
taxation credits, which are passed on to the shareholders who have received franked dividends from holding direct shares or managed share investments
Is the amount of company tax which has been paid on a franked dividend which has been declared to shareholders.
the taxation credits passed onto shareholders who receive franked dividends
Taxation credits that shareholders receive after having received franked dividends from their shareholdings.