Normal
Why single out franking credits?If Person A can use their tax free threshold to claim back tax with held from working part timeandPerson B can get $18,000 of tax free earnings from a rental propertyandPerson C can get $18,000 of tax free earnings from Bank interest or Bond interestwhy can't Person D claim back their Tax with held from their companies earnings?--------It simply doesn't make sense, 2 people could own the exact same asset and simply because one person owns it under a company structure he is taxed where as the person holding it directly pays no tax.
Why single out franking credits?
If Person A can use their tax free threshold to claim back tax with held from working part time
and
Person B can get $18,000 of tax free earnings from a rental property
Person C can get $18,000 of tax free earnings from Bank interest or Bond interest
why can't Person D claim back their Tax with held from their companies earnings?
--------
It simply doesn't make sense, 2 people could own the exact same asset and simply because one person owns it under a company structure he is taxed where as the person holding it directly pays no tax.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
