New legislation - 2007: Orders in Council (2007)
Deemed rate of return set
The deemed rate of return for taxing foreign investment fund interests has been set at 10.27% for the 2006-07 income year, up from 9.82% last year.
The deemed rate of return is set annually and is based on an average of five-year government stock, to which a 4 percent margin is added. It is one of the methods that can be used to calculate income from foreign investment fund interests.
The new rate was set by Order in Council on 23 July 2007.
Income Tax (Deemed Rate of Return, 2006-07 Income Year) Regulations 2007 (2007/210)
Date published: 28 Aug 2007
Back to top
