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Franking credits: There is a window of purchase as to when you purchase shares to be entitled to franking credits.
I understand that this applies to franking credit payments of over $5000 and that is the total ranking credits of all shares you own, not individual. The query is the holding period. Stated is 47 days holding those shares that you want to receive franking credits.
Maybe I am being rather pedantic, but I cannot find dates associated with the 47 days.
Does it mean from purchase date to ex dividend date, or to pay date of dividend, or to announcement of dividend?
A: It is known as the ’45 day rule. As it doesn’t include the date of acquisition or date of disposal, I guess that is how you get to the 47 days.
It can be any continuous period, however, if you don’t own the shares on the day it moves from ‘cum’ to ‘ex’, then you won’t receive the dividend.
Here is a link to some info from the ATO. https://www.ato.gov.au/Forms/You-and-your-shares-2017/?page=10
