Franking credits

[gooner]

Sorry, ajjack (and all)
My mistake I quoted a rule from 2005.
Apparently, that rule no longer applies. Otherwise, the ATO would've mentioned it in their documentation for last year's tax returns:

http://www.ato.gov.au/content/downloads/IND00191833n41050609.pdf
Now you know why I pay a CPA to do all my tax returns

Further to my earlier comments about calculating franking credits:
The following spreadsheet has been updated to automatically calculate divi components, including tax.
To download an example: DiviDataWImputation.xlsx

However, since the raw data is pulled off the ASX website, hence there's no guarantee the raw data is correct, I always use the individual company's dividend advice to put into my portfolio database.

There is still a 45 day holding rule, but it only applies if your total franking credits are more than a certain amount - $5,000 last time I looked.

 

[freebird54]

I use a CPA and have been getting a cheque for the credits - now found as it is a company I should not have got that so expect a letter from the ATO soon ;-(