When do the FIF rules apply?
| If you ... | and ... | then ... |
|---|---|---|
|
hold interests in FIFs with a total amount of NZ$50,000 or less*
|
you are an individual investor, or an eligible trust |
NO, FIF rules do not apply. |
|
you are any other type of investor |
YES, FIF rules apply. |
|
|
have a shareholding of less than 10% in a foreign company or foreign unit trust or foreign super scheme |
it is an attributing interest |
YES, the rules apply. |
|
it is not an attributing interest |
NO, the rules do not apply. |
|
|
have a shareholding of 10% or greater in a foreign company or unit trust or foreign super scheme |
it is an attributing interest |
YES, FIF rules apply. |
|
it is not an attributing interest |
NO, FIF rules do not apply. |
|
|
have a shareholding of 10% or more and come within the CFC rules |
you are any type of investor |
NO, the FIF rules do not apply, but the CFC rules apply. |
* For income years starting on or after 1 July 2011 where your investment does not exceed $50,000 you can elect to use the FIF rules. But you must then use the FIF rules for 4 years.
Date published: 19 Jun 2012
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