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If you have a company and you are a director along with one other person and
say a 60/40% of shares in the company divided between the two directors.
Are you able to receive director payments from the company so you can use franking credits without having it to be at that share percentage.
Say director A takes a director payment of $6000, would that only be possible if director B also takes a payment in the same year of $4000. In relation to the % of shares each director owns?
Or is it okay for director A to receive a payment without director B taking one, this is all approved and okay with both directors, and will be noted in the company files.
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?
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