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CQ 6: Calculation of FIF income
or “How to work out your overseas investment income”
You could also call this:

“Former rule about shares on loan no longer applies”

This section of the law, called ‘Treatment of attributing interests subject to returning share transfer’, used to be part of the Income Tax Act 2007. However, it no longer exists. The government removed this section on 6 October 2009. If you need to know about this topic, you might need to look at other parts of the law or ask someone who knows about tax rules.

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Next up: CR 1: Policyholder base income of life insurer

or “Income from insurance policies that life insurers must include in their taxes”
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Part C Income
Attributed income from foreign equity

CQ 7Treatment of attributing interests subject to returning share transfer (Repealed)

    Notes
    • Section CQ 7: repealed on , by section 31 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).