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Tag: 45dayrule
Franking Credits, the 45 Day Rule and the $5,000 Rule
Whether franking credits can be offset against an individual’s net tax payable revolve around what is commonly known as, the 45 or 90 day rule. The 45 day rule applies to ordinary shares and the 90 day rule applies to preference shares. In this Wealth Pipeline we will be discussing the 45 day rule.