During the 2015/2016 tax year Rosemarrie received $5 000 as her share of net rental income (after deductions) from the lease of their Australian home, and $2 500 in fully franked dividends from Global AIH. She incurred no other expenses in deriving the rental income, but her interest payments on the Commonwealth Bank loan amounted to $5 650.
Required:
Advise Rosemarrie Alexander for the Australian tax consequences of these transactions. Refer to the relevant legislation and cases. (Hints: you need to do some research on the tax consequence of dividends paid to a resident and non-resident) (7 marks)
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