PART B

ABC Pty Ltd is a resident company and pays a dividend of $2,800 (franked to 40%) to the below non-resident shareholders:

a. an individual living in the UK;

b. UK company holding 100% shares in the resident company; and

c. a UK company holding all the shares in the resident company.

Required: Advise as to the Australian income tax implications for each of the non-resident shareholders citing relevant legislation to support your answer.