Business, Legal & Accounting Glossary
In the United Kingdom, any income that does not come from a dividend with a tax credit attached to it. Franked income exists in order to avoid double taxation of dividends. Unfranked income may be a dividend that is double taxed, or it may be any other income at all.
This was formerly, any investment income received by a company that did not qualify as franked investment income.
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This glossary post was last updated: 5th April, 2020 | 52 Views.