login

Question asked:

0
0

client,, resident and domiciled in Ireland ,, receives Australian dividend income …Dividend Schedule reflects
Unfranked amount 0 Franked amount AU$ 6175, Total payment AU$ 6175, Franking Credit AU $ 2646.
Total payment AU $ 6175, used to purchase SIL
.
Is it correct to reflect the income on the tax return as AU$ 6175 plus the franked credit AU$ 2646 i.e Total AU$ 8,821,,
, as the TAx office assessment gives Other country income – effective tax credit

Marked as spam
Posted by (Questions: 94, Answers: 12)
Asked on 29 May 2017 11:58 am
63 views
0
Private answer

If the franking credit is actual tax deducted then you should enter the gross amount and enter the tax deducted in the box for Foreign tax.

Marked as spam
Posted by (Questions: 0, Answers: 194)
Answered on 1 June 2017 5:23 pm