When do the new FIF rules apply?
| If you ... | and ... | then ... |
|---|---|---|
|
have a shareholding of less than 10% in a foreign company or foreign unit trust |
it is an attributing interest |
YES, the new rules apply. |
|
it is not an attributing interest |
NO, the new rules do not apply. | |
|
hold interests in FIFs with a total amount of NZ$50,000 or less |
you are an individual investor, or |
NO, the new rules do not apply. |
|
you are any other type of investor |
YES, the new rules apply. | |
|
have a shareholding of 10% or more and come within the CFC rules |
you are any type of investor |
NO, the new rules FIF do not apply, but the CFC rules apply. |
Date published: 25 Aug 2008
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