Published on 07 Apr 99
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper is about the twin evils of franking credits and capital benefits to shareholders. It also discusses when the share capital account becomes tainted, different classes of shares, when different classes of dividends can be paid, can trusts be streamed and can a share buy-backs still be undertaken.
Ben Wilson, CTA, is a partner with CCK Lawyers. He has a wide range of experience in corporate and commercial transactions and in advising clients on estate planning and business succession planning issues. He acts for high net wealth individuals, family groups and large corporate entities with businesses in a range of industries.
- Current at
08 July 2019