franked investment income

Franked Income

In the United Kingdom, a dividend issued with a tax credit attached to it. Franked income exists in order to avoid double taxation of dividends. The amount of the tax credit depends upon the issuer's tax rate and the amount of the dividend. See also: Franked Dividend.

franked investment income

interest or dividends received from FINANCIAL SECURITIES net after CORPORATION TAX has been deducted. To avoid taxing such investment income twice, any such income received by a company which has bought financial securities is granted a TAX CREDIT for the tax already paid so that it is not subject to further corporation tax.

单词	franked investment income
释义	franked investment income franked investment income n (Banking & Finance) (formerly) dividends from one UK company received by another on which the paying company had paid corporation tax so that the receiving company had no corporation tax to pay: discontinued from 1999 franked investment income Franked Income In the United Kingdom, a dividend issued with a tax credit attached to it. Franked income exists in order to avoid double taxation of dividends. The amount of the tax credit depends upon the issuer's tax rate and the amount of the dividend. See also: Franked Dividend. franked investment income interest or dividends received from FINANCIAL SECURITIES net after CORPORATION TAX has been deducted. To avoid taxing such investment income twice, any such income received by a company which has bought financial securities is granted a TAX CREDIT for the tax already paid so that it is not subject to further corporation tax.
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