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  • 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

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

    Answer

    No, keep your statements with a copy of your application form.

    Question

    Is this a one-off refund?

    Answer

    No, you can apply for a refund at the end of every income year in which you receive imputation credits

    Question

    I have a distribution statement from my managed fund but it shows lots of different amounts such as '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 special place in 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

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

    Answer

    Yes, your dividend statement will still show an amount of imputation credit if your dividends were franked and the amount of dividend was reinvested

    Question

    Can I use this application if I own shares in joint names with my spouse?

    Answer

    Yes, if you are eligible, you can use this form, stating your 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 form.

    Last modified: 13 Feb 2019QC 16274