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dgc004(Dynamo)Dynamo
31 July 2024

Can i confirm:


When you have a company and this company has recieved franked dividends, these franking credits can bring the tax payable to zero.


The excess must be converted to a loss.


When you convert these to a loss - it is just the balance of the franking credit - or does it get grossed up by the corporate tax rate?


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Franking Credits Coverted to losses | ATO Community