Forms starting with: N
Notice of election to voluntarily change the method of calculating foreign investment fund income or loss IR469
About this form
Use this form to voluntarily elect to change the method of calculating foreign investment fund (FIF) income or loss. You can only complete this election if you are a New Zealand resident.
Adobe Acrobat PDF | 61kb | 2 pages
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
These are the only circumstances in which you can voluntarily change the method of calculating FIF income or loss from your FIF interest.
- You are changing to the branch equivalent method for the first time for any interest held in the FIF (unless Inland Revenue has permitted a change on more than one occasion because a change in factual circumstances meant that you could not obtain sufficient information to use the branch equivalent method).
- You are changing from the branch equivalent method for the first time for any interest held in the FIF (unless Inland Revenue has permitted a change on more than one occasion because a change in factual circumstances meant that you could not obtain sufficient information to use the branch equivalent method) and the change is back to the calculation method used immediately before using the branch equivalent method.
- You are a natural person and the market value of your FIF interests does not exceed NZ$250,000 at the end of the:
- income year preceding the income year at the end of which the change is to apply where you are electing to change to the comparative value or deemed rate of return methods, or
- accounting period preceding the accounting period at the end of which the change is to apply where you are electing to change to the accounting profits or branch equivalent methods.
What you will need
IRD number of the elector
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After you finish
Please print, sign and post the completed form to your nearest Inland Revenue office.
You may wish keep a copy of this form for your personal records.
