Plain language law
New Zealand law explained for everyone
CQ 3: Calculation of attributed CFC income
or “How to work out your attributed CFC income or loss”
or “How to work out your attributed CFC income or loss”
You could also call this:
“Income from overseas investments must be included in your total income”
If you have money in a foreign investment fund, any income you get from it is counted as income. This means you need to include it when you’re working out your total income. It’s important to remember this when you’re dealing with investments in other countries.
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Next up: CQ 5: When FIF income arises
or “When you earn income from overseas investments”