1.1.I.25 Imputation credits

Usage

These definitions apply to all payments.

Definition

An imputation credit is a credit to a person owning shares for the tax that has already been paid by the issuing company on their dividends. These are also known as franking credits.

Policy reference: SS Guide 1.1.F.175 Franked dividends, 4.3.9.60 Income from Private Companies & Trusts

Last reviewed: 9 February 2015