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Income - Franked
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Franked income refers to investment income distributed by one company to another - often in the form of dividends - that has already been taxed. The company receiving the franked income from the issuing company will therefore not be liable to tax as it will already have been paid by the issuing firm.
See also: Income Unfranked Looking for a stockbroker ? Daily Business Report
Last Updated: August 2007 © Moneyextra.com
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