Corporate distributions
Issued by
The Tax Institute
The earner has demonstrated an understanding of the circumstances in which a company is treated as paying a distribution. They have applied the rules in relation to the imputation system, including the impact of imputation on a franking account. They have also evaluated the impact of capital management as it relates to shares, the income tax treatment of liquidator distributions, and applied specific anti-avoidance provisions relating to dividends, franking credits and capital returns.
- Level Advanced
- Time Hours
- Cost Paid
Skills
Earning Criteria
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Identify and explain the circumstances in which a company is treated as paying a distribution.
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Advise on and apply the rules in relation to the imputation system, including the impact of imputation on a franking account.
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Advise on the taxation treatment, for the company and shareholders, on capital management transactions as they relate to changes in the share structure of a company.
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Explain the income tax treatment for the company and for the shareholder of a distribution made by a liquidator of a company and the subsequent deregistration of that company.
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Advise on and apply some of the specific anti-avoidance provisions that operate in relation to dividends, franking credits and capital payments.
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Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
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Successful completion of an online, multiple-choice assessment comprising 20 multiple-choice questions within 60 minutes.