A shareholder who receives a franking credit but whose marginal tax rate is below the company tax rate can claim back any unused portion of the franking credit as a tax refund.

Question

Quizplus · Accepted Answer

This is correct. Shareholders can claim back any unused portion of the franking credit as a tax refund if their marginal tax rate is below the company tax rate. This is known as a franking credit refund.

A Shareholder Who Receives a Franking Credit but Whose Marginal