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Income Tax Act 2007

Income - Exempt income

CW 55BAB: Rebate of fees paid by FIF

You could also call this:

"Getting back fees paid by your foreign investment fund"

Illustration for Income Tax Act 2007

You have an attributing interest in a foreign investment fund. The fund pays fees to another person. You get a rebate of the fees from that person. You are not allowed to deduct the fees. Your FIF income or loss is not calculated using the comparative value method. The rebate you get is exempt income. This means you do not pay tax on the rebate.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5968505.

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Part CIncome
Exempt income

CW 55BABRebate of fees paid by FIF

  1. This section applies to a person having an attributing interest in a foreign investment fund when—

  2. the FIF pays fees to another person; and
    1. the person derives, from the other person, a rebate of the fees; and
      1. the person is not allowed a deduction for the fees; and
        1. the person's FIF income or loss from the interest is not calculated using the comparative value method.

          1. The amount of the rebate is exempt income.

          Notes
          • Section CW 55BAB: inserted (with effect on 1 April 2009), on , by section 20(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).
          • Section CW 55BAB(2) heading: inserted, on , by section 30 of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).