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Do unit trusts paying franked dividends need to withhold?

April 26, 2017dividends franked paying trusts

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Do unit trusts paying franked dividends need to withhold?

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A. Unit trusts that pass franked dividends from investments in companies onto their unit holders should withhold a TFN/ABN amount from the total income payment made where a TFN/ABN has not been quoted, regardless of franking credits.