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Interest in a foreign investment fund disclosure schedule for individuals and closely-held entities (comparative value method) IR448
(published May 2013)
About this form
This form enables a person that has calculated foreign investment fund income or loss using the comparative value method to disclose the required information about 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".
PDF | 51kb | 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 if:
- you used the comparative value method to calculate FIF income or loss, and
- you are a New Zealand resident individual, trustee of a trust, a company or other entity that is not a widely-held company, widely-held group investment fund, widely-held superannuation fund or a portfolio investment entity, and
- you have a FIF incorporated in the case of a foreign company, or in all other cases is tax resident, in a country with which New Zealand does not have a double tax agreement in force as at the end of the relevant tax year.
Note the FIF income or loss is still required to be included in your income tax return, the exemption is for reporting of the specific details (ie completing this disclosure form).
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 investments stock code (if known)
- The country of incorporation of a foreign company, or country of tax residency of a foreign unit trust.
- The New Zealand dollar opening market value (at the beginning of your income year) of each of the interests.
After you finish
Please print and sign the completed IR448, 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.