Question
Use of the gross up and tax offset mechanism is denied if the distribution is made to a person that is not a qualified person.
Use of the gross up and tax offset mechanism is denied if the distribution is made to a person that is not a qualified person. What is a qualified person?
| A shareholder that holds the shares at least 45 days or 90 days for preference shares. | ||
| An Australian Resident taxpayer. | ||
| A shareholder that holder shares for at least 12 months. | ||
| A trust. |
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Accounting For Non-Accounting Students
Authors: John R. Dyson, Ellie Franklin
9th Edition
978-1292128979, 1292128976
