Originally Posted by
justakiwi
OK, so I am STILL confused.
From everything I've been reading here, I was under the impression that the imputation credits are only useful if I OWE tax. If I am already getting a refund, are you saying it would be more if I claimed the credits?
It's really not a big deal for me given the size of my holdings - total credits would probably be less than $100. A moot point now anyway, as this year I was given no opportunity to amend their assessment - it was paid into my bank account the day after I received the refund notification (with no request to "please confirm").
Having said that, it would be good to get my head around this for next year - which I obviously still do not ;)