Exclusion - CFC and FIF
There are a number of specific exclusions to the foreign investment PIE rules designed to prevent New Zealand residents incorrectly accessing the notified foreign investor tax rates.
The exclusion is for:
- investments in CFC's,and
- 10% or more income interest in a FIF
as the CFC or FIF could,when holding an investment in a foreign investment PIE, claim to be a notified foreign investor.
Date published: 30 Aug 2011
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