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Income Tax Act 2007

Timing and quantifying rules - Controlled foreign company and foreign investment fund rules - Attributing interests in FIFs

EX 42B: Interests in foreign superannuation scheme other than FIF superannuation interests

You could also call this:

“Foreign superannuation rights that aren't FIF interests”

If you have a right to benefit from a foreign superannuation scheme as a beneficiary or member, it is not considered an attributing interest in that scheme. This only applies if your right is not a FIF superannuation interest. FIF stands for “foreign investment fund”. This rule is part of the Income Tax Act 2007 and helps determine how your foreign superannuation might be taxed 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=DLM6036663.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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Part E Timing and quantifying rules
Controlled foreign company and foreign investment fund rules: Attributing interests in FIFs

EX 42BInterests in foreign superannuation scheme other than FIF superannuation interests

  1. A person's right to benefit from a foreign superannuation scheme as a beneficiary or a member is not an attributing interest in the foreign superannuation scheme if the right is not a FIF superannuation interest for the person.

Notes
  • Section EX 42B: inserted, on , by section 56 of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).