Question
Heavy Weight Pty Ltd paid a fully franked dividend of $150,000 on 1 April 2021. This dividend paid by the company to the shareholders was
Heavy Weight Pty Ltd paid a fully franked dividend of $150,000 on 1 April 2021. This dividend paid
by the company to the shareholders was used by Max and Lara to pay down their mortgage that
they have on their family home. Interest paid on the home loan during the financial year was
$26,000.
Hi, how to record these information in the income tax return?
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R. Cornwall, David O. Vang, Jean M. Hartman
4th Edition
0765646854, 978-0765646859
