Franking Q and A

Joshua Easton Tax

Scenario: 2015 – company had profit of $10,000. Company paid 30% tax 2016 – company had profit of $12,000. Company paid 28.5% tax 2017 – company had a loss of $100.00 2017 – company ceased trading, capital losses of $160,000 2018 – company had no income, trading losses of $2,000 Questions Can the company pay 30% franked dividends to its ...

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