Ask Noel: Franking credits and capital losses

By Noel Whittaker
May 4 2018 - 3:00pm
Ask Noel: Franking credits and capital losses
Ask Noel: Franking credits and capital losses

I am a director of the trustee of a charitable foundation. The trustee invests in listed shares, mainly LICs and applies to the Australian Taxation Office for the refund of franking credits, as the fund is exempt from income tax. It appears that the foundation could be another victim of Labor’s tax grab. Can you please clarify.

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