Search for     
ato.gov.au        Businesses section only        
Advanced search
Search tips
> Businesses > Tax topics - Imputation > Simplified imputation > Fact sheets   
 

Simplified imputation - the franking account

 
Increase text size Decrease text size
 

When does a franking credit arise?

A franking credit arises when a corporate tax entity:

  • makes a payment of a PAYG instalment or income tax
  • receives a franked distribution, or
  • incurs a liability for franking deficit tax.

Last Modified: Monday, 24 May 2004
 
Table of contents
Give us your feedback
 
© Australian Taxation Office for the Commonwealth of Australia
Top of page
More information on page