Question
Cherrie is a resident individual. She receives the following amounts from her various investments during the year: $2,000 Fully franked dividend from a resident public
Cherrie is a resident individual. She receives the following amounts from her various investments during the year: $2,000 Fully franked dividend from a resident public company with an imputation credit of $800. $3,000 Un-franked dividend from a non-resident company. $5,000 Un-franked dividend from a resident private company. $7,000 Fully franked dividend from a resident private company with an imputation credit of $3,000 Required: i. State what amounts would be included in Cherries assessable income and if any franking rebates would be available to her. ii. Explain with examples the difference between the general and specific antiavoidance provisions.
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