Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
okay, so if the trust has 100% share holdings of the company. The trust will get the franking credits on a franked dividend. But then how am i paid from the trust to take advantage of this franking credit?