You and your shares 2003-04

Information on income you declare, deductions and credits you can claim, and records you need to keep.

Last updated 11 January 2005

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Introduction

Basic concepts

How does a company pay out its profits?

How dividends are taxed

How non-share dividends are taxed

The dividend statement

Taxation implications

Effect on tax payable

Your franking tax offset

When you are not entitled to claim a franking tax offset

Allowable deductions from dividend income

Dividends paid or credited by non-resident companies

Dividends paid or credited to non-resident shareholders

Claiming franking credits attached to a partnership distribution

Joint ownership of shares

Commonwealth Bank and Telstra 1 shares

Telstra 2 shares

Liquidation, takeovers, mergers and demergers

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