New Zealand Consulting on Use of Cost Method to Determine Foreign Investment Fund Income

New Zealand Inland Revenue has launched a public consultation on a draft interpretation statement, Income tax – Using the cost method to determine foreign investment fund (FIF) income. The interpretation statement explains when a New Zealand resident investor can choose to apply the cost method to calculate their FIF income on shares held in foreign companies. The deadline for comments is 29 November 2024.

---

Summary | Whakarāpopoto

1. This interpretation statement clarifies that a New…