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About this form

This form enables a person that has calculated foreign investment fund income or loss using the cost method to disclose the required information concerning their interests. The form does not include a worksheet for calculating FIF income or loss. You can use our foreign investment fund calculator under "Work it out".

Adobe Acrobat PDF | 74kb | 1 page

This form can be completed on-screen by typing content directly into the PDF document. Once you have completed the form it is important that you print it out as you will not be able to save the information you enter into the form.

When to use this form

Use this form to make a disclosure of your overseas investments if:

• you used the cost method to calculate FIF income or loss, and
• you are a New Zealand resident, and
• you have an attributing interest in a FIF comprised of shares in a foreign company, or units in a foreign unit trust.

There is some overlap between the disclosure forms: if you have an interest of 10% or more in a foreign company (regardless of its residence) use either the IR477 or IR479 forms instead of this form to disclose the interest.

What you will need

• Your name and IRD number.
• The name of the FIF
• The country of incorporation or registration of the FIF.
• Opening value in New Zealand dollars at the commencement of your income year
• The basis of the opening value - enter:
  • (IV) independent valuation of the market value of the interest at the start of the relevant income year, if you held the interest at the start of the income year
  • (CA) cost, if acquired in the 2005/06 or 2006/07 income years
  • (AA) audited set of accounts - the amount that is shown as the net asset value of the interest in audited financial statements of the person for the relevant income year made available to the general public in the relevant income year
  • (ZO) zero, if acquired in the year, or
  • (LP) last year plus FIF income. For the second to fourth income years of using the cost method where you have not reset the value by using (IV) or (AA) during those years, you can arrive at the opening value by using:
    • the previous years opening value, and
    • add the previous years cost method FIF income for that investment.

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After you finish

Please print and sign the completed IR449, attach to your income tax return and send to your nearest Inland Revenue office.
You may wish to keep a copy for your personal records.

List of postal addresses for Inland Revenue >