§ Glossary
Trans-Tasman imputation
The arrangement under which some New Zealand companies attach Australian franking credits to their dividends. Those Australian credits are recognised for Australian shareholders; New Zealand imputation credits, by contrast, are not claimable in Australia and are informational only in an Australian return.
Sources
- Income Tax Assessment Act 1997 (Cth) ss 220-400, 220-405
- ATO QC 50645 (trans-Tasman imputation)
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