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Old 10-17-2004, 03:41 AM
Hank Scorpio
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Default Re: 2004 / Australia / dividend imputation

On Sat, 16 Oct 2004 12:54:16 +1000, "David Brownridge"
<DVD[at]melbpc.org.au> wrote:

- quote -

> Money 2004; Australia; "standard edition".

In Australia, we don't get any other edition, it seems.

- quote -

> Anyone have a way of dealing with taxation imputation of share dividends?
> We don't prepare our own tax returns -- have a tax accountant do that -- but
> we would like, when we record the dividends in Money, to have a way to
> indicate how much of the dividend has been imputed.


The way I do it is to simply put the franking credit amount in the
comments line. I give each dividend received the same comment format:

Final (or Interim) Shares Held [at]Dividend Rate~FC$Amount (x%)

This takes less time than you may think if you hold for the medium to
long term; in my case I have the twice per year deposits set up in my
bills and deposits list, then just tweak the numbers before I enter
the transaction into the ledger.

My tax accountant just keys the numbers into her software anyway, so
it doesn't really matter whether I have the franking credits as
separate transactions or just comments. However by using a standard
format, it's easy enough to export to Excel and parse the string to
extract the components if calculations are needed.

------------------------- Hank Scorpio
scorpionet who hates spam is at iprimus.com.au (You know what to do.)
* Please keep all replies in this Newsgroup. Thanks! *
  #-1  
Old 10-16-2004, 02:54 AM
David Brownridge
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Default 2004 / Australia / dividend imputation

Money 2004; Australia; "standard edition".

Anyone have a way of dealing with taxation imputation of share dividends?

We don't prepare our own tax returns -- have a tax accountant do that -- but
we would like, when we record the dividends in Money, to have a way to
indicate how much of the dividend has been imputed.


--
rgds
David Brownridge




 

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2004, australia, dividend, imputation
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