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Deemed rate of return method calculation worksheet IR443A

(published October 2015)

About this worksheet

Information contained in this worksheet will help you calculate your taxable income or loss from your interest in a foreign investment fund, using the deemed rate of return method.

PDF | 110kb | 3 pages

When to use this worksheet

Calculate here your FIF income or loss using the deemed rate of return (DDR) method only if you meet one of the following conditions:

  • You are an individual person and the total market value (use book value for FIF interests if the DRR method was used in the previous income year) of all your FIF interests throughout the income year did not exceed NZ$250,000.
  • It is not reasonably practicable to determine the market value of your FIF interest at the end of the income year (so as to allow the comparative value method to be used) or to use the accounting profits method.
  • You have not elected or are not required to use a particular method and it is not reasonably practicable to use the accounting profits or comparative value methods.
  • You have previously used the DRR method and must continue to use this method.
What you will need

You'll need:

  • your IRD number
  • details of your foreign investment fund.
  • details of your closing book value from previous income year (including notional income year).
  • details of what your FIF income or losses were offset against.
After you finish

Any income calculated needs to be included in your current tax return, and any loss calculated needs to be carried forward to your next year's FIF calculations.

Please note that you are required to complete the IR443 FIF disclosure each year that you calculate your income using the DRR method.