Santax Ltd had a Benchmark Franking Percentage of 65% for the year ended 30 June 2020. On

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Santax Ltd had a Benchmark Franking Percentage of 65% for the year ended 30 June 2020. On 25 October 2019 it paid an unfranked dividend of $20,000 to its shareholders. Calculate and explain the tax consequences of this event for Santax Ltd for the year ended 30 June 2020? (Only advise Santax Ltd, not the shareholders).

Posted Date: Oct 10, 2021 11:35 PM

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Santax Ltd had a Benchmark Franking Percentage of 65% for the year ended 30 June 2020. On

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Dividends with no tax credit are referred to as unfr... View the full answer

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