Thomas v Commissioner of Taxation [2017] FCAFC 57

TAXATION – franking credits – consideration of the construction and operation of Division 207 ("Effect of receiving a franked distribution") of Part 3-6 ("The Imputation System") of the Income Tax Assessment Act 1997 (Cth) – whether trust resolutions effective to achieve franking credit distributions to beneficiaries of trust – share of franking credit distributions notionally allocated to beneficiaries of trust. Click here