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Re: dividend imputation (Tax) credits

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Posted by Mark on June 09, 2002 at 22:53:03:

In Reply to: dividend imputation (Tax) credits posted by Rob on June 09, 2002 at 22:17:14:

: In Australia, we have a system of taxation credits which are received with the company dividend. This occurs when the company distributes a dividend to the shareholders and pays taxation at a % of the dividend amount. Currently this % is 30 but can change depending on the Govt of the day. Is there a way in FM of recording and reporting at the end of the financial year, the tax credits total on each investment and what the total amount of taxation credits received for the year on all investments is?

Hi Rob,

There is no built in feature in FM to handle this situation, but you may
use the "Other" distribution type to keep track of these distributions, so
that you can have a summary of this distribution type by itself.

Thanks,
Mark
--
Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP
/XP

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