....as i understand it the franking credit$ themselvesz reduce you tax liability dollar for dollar cent for cent to the extent your tax owedd that financial year becomesz $0 and further iv the total franking credit$ surpass the tax owedd you may recieve a payment of up to a limit of $5,000.00c AUD though say you owedd $70k tax and had $78k in franking credits you don't get the $8k you'll only be eligible for the $5k limit and I guess consider the remaining franking credit$ forfeitedd.
DAN1EL:
ReplyDelete....as i understand it the franking credit$ themselvesz reduce you tax liability dollar for dollar cent for cent to the extent your tax owedd that financial year becomesz $0 and further iv the total franking credit$ surpass the tax owedd you may recieve a payment of up to a limit of $5,000.00c AUD though say you owedd $70k tax and had $78k in franking credits you don't get the $8k you'll only be eligible for the $5k limit and I guess consider the remaining franking credit$ forfeitedd.
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