Charities – consider refunds of franking credits

Now that the dust has settled after 30 June it is a good time for charities to consider:

  • Whether they received any dividend income in the last financial year with franking credits attached in which case a refund can be sought from the ATO
  • Reminding donors who may have distributed to them via discretionary trusts that if the distribution was of income with franking credits attached, to contact the Charity as the charity can then seek a refund of the franking credit amount from the ATO.

More information: Refund of franking credits application package

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