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 is a partner with law firm Cosoff Cudmore Knox. 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 and family groups with businesses in a range of industries.
- Current at
20 July 2012