About this Form

If you have overseas investments, including, shares in a foreign company, units in a foreign units trust or an entitlement to a benefit from a foreign superannuation scheme or a life policy, you may need to calculate your income from these investments for tax purposes. This form includes a worksheet so you can calculate your foreign investment fund (FIF) income or loss. It must be completed by a New Zealand resident person with an interest in a FIF who elects to use the deemed rate of return method, and a separate form for each FIF in which you held an interest should be completed.

When to use this form

Calculate here your FIF income or loss using the deemed rate of return method only if you meet one of the following conditions:

• You are an individual person and the total market value (use book value for FIF interests if the DRR method was used in the previous income year) of all your FIF interests throughout the income year did not exceed NZ$250,000.
• It is not reasonably practicable to determine the market value of your FIF interest at the end of the income year (so as to allow the comparative value method to be used) or to use the accounting profits method.
• You have not elected or are not required to use a particular method and it is not reasonably practicable to use the accounting profits or comparative value methods.
• You have previously used the DRR method and must continue to use this method.

This page is also available in: 简体中文