Will The Taxbreaks Software show estimates if I choose to gear in managed funds and/or shares?
A. Yes, it will display how negative gearing shares or managed funds will affect your taxable income and also display the effect on any Family Assistance that you could be entitled too. Q. I don’t understand how franking credits from dividends can effect my income. A. The Software will display how franking credits form part of your taxable income and how they could affect your possible tax refund.
