Dividends, franking and the 45-day rule, worked
Gross up a franked dividend, apply the credit, and know when the 45-day rule matters.
Module 19 of 26, Australian tax walkthroughs (general information). Lesson 3 of 5, about 16 minutes. This module is for readers in Australia.
The takeaway
Franking credits let you claim tax the company already paid, but you must hold the shares for 45 days to use them (unless your annual credits are under A$5,000).
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
Open this lesson in the course
General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.