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New Zealand law explained for everyone

Income Tax Act 2007

Income - Attributed income from foreign equity

CQ 6: Calculation of FIF income

You could also call this:

“How to work out your overseas investment income”

You can figure out the amount of FIF income by using the right calculation method. The rules for how to do this are in sections EX 44 to EX 61. These sections tell you how to work out FIF income or loss.

FIF stands for Foreign Investment Fund. When you have investments in other countries, you might need to use these rules to work out how much income you need to report for tax purposes in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512891.

Topics:
Money and consumer rights > Taxes
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CQ 5: When FIF income arises, or

“When you earn income from overseas investments”

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CQ 7: Treatment of attributing interests subject to returning share transfer, or

“Former rule about shares on loan no longer applies”

Part C Income
Attributed income from foreign equity

CQ 6Calculation of FIF income

  1. The amount of any FIF income is calculated, using the relevant calculation method, under sections EX 44 to EX 61 (which relate to the calculation of FIF income or loss).

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