A Practical Guide to Dividends and Imputation

- Blurb -

A Practical Guide to Dividends and Imputation provides a concise and easy-to-understand explanation of the dividend and imputation rules. Packed with practical examples high-lighting some of the more difficult areas that practitioners come across. Topics covered include: the concept of a dividend and identifying deemed dividends (such as low interest loans and debt forgiveness) issues when paying out a dividend (attaching imputation credits, the benchmark ratio, dividend statements, and the solvency test) imputation ' together with imputation credit accounts, carrying forward and transferring imputation credits RWT, and the new rules for reporting investment income information to Inland Revenue issues when paying dividends to non-residents including NRWT and FITC avoidance issues such as remuneration paid to relatives and dividend stripping. Key benefits of the guide include: provides readers with practical, day-to-day guidance on tax compliance for dividends helps to mitigate the risk of non-compliance and resulting penalties, especially in the area of deemed dividends assists with identifying dividend issues in complex tax areas such as liquidations, share repurchases and tax avoidance uses practical examples, tables and diagrams to give readers a clear understanding of their tax obligations.