• Questions and answers

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Question

    How do I claim last year's (2001) imputation credits?

    Answer

    Use the 2001 application. If you need a 2001 application, ring the Personal Tax Infoline on 13 28 61-press 4 then 2.

    Telephone lodgment

    You can lodge both 2001 and 2002 applications by telephone. For further information on lodging by telephone, see Lodging by telephone.

    Question

    Do I need to send my dividend or distribution statements to the ATO?

    Answer

    No. Keep your statements with a copy of your application.

    Question

    The distribution statement from my managed fund shows 'capital gains tax' and 'foreign source income'. Where do I put those amounts?

    Answer

    As long as you are not required to lodge a tax return you do not need to worry about these amounts. Do not worry if the statement tells you to put the figures at a specific item on the tax return. To process your application we only need to know the figures shown at franked amounts, unfranked amounts, imputation credit or TFN amounts withheld. Follow the steps on page 4 to fill in your worksheet and application.

    Question

    Can I use this application to claim a refund for TFN amounts withheld or deducted from interest income?

    Answer

    No. You will need to lodge an income tax return to claim the TFN amounts withheld or deducted from interest income.

    Question

    I chose to reinvest my dividends-can I still claim a refund of my imputation credits?

    Answer

    Yes.

    Question

    Can I use this application if I own shares or non-share equity interests in joint names with my spouse?

    Answer

    Yes, if you are eligible, you can use this application, stating only your share of the dividends and imputation credits shown on the joint statement. If your partner is also eligible to claim a refund of imputation credits, they must complete a separate application, stating only their share of the dividends and imputation credits shown on the joint statement.

    Question

    There are other credits shown on my distribution statements, such as a foreign tax credit. Can I apply for a refund of these amounts too?

    Answer

    No. The imputation credit amount and the TFN amount withheld from dividends (if any) are the only amounts you will get back using this application.

    Question

    Will the refund affect my pension entitlement?

    Answer

    No. In most cases it will not affect your pension entitlement. If however you are in receipt of a distribution from a private company or trust, your pension entitlement could be affected.

    Last modified: 16 May 2007QC 27397