New Zealand

FIF working paper

Indicative, not tax advice.

Indicative foreign investment fund paper for 1 Apr 2026 to 31 Mar 2027. Cost is taken from your ledger. Opening and closing market values are figures you enter. A live price is not used as the 1 April or 31 March value.

1 Apr 2026 to 31 Mar 2027

Assumptions

This paper is indicative. It does not decide whether the FIF rules apply to you.
A ticker ending in .NZ is treated as a New Zealand share and is left out.
A ticker ending in .AX is included in the NZ$50,000 cost total. Australian-exempt companies can be left out by the member when they are on the ASX list Inland Revenue names, are Australian resident and not treated as resident elsewhere under a treaty, maintain a franking account, and the stock is not stapled. This book cannot check those conditions.
Crypto and metals are left out. This paper does not treat them as shares in a foreign company.
Other share tickers are treated as attributing interests for this paper.
Cost is quantity times price times the exchange rate stored on the buy, in NZ$. A foreign buy with no stored rate is not given a guessed rate, and the NZ$50,000 test is then not calculated.
Amounts are rounded to the nearest cent, with half a cent rounded up. A cash figure in your ledger that differs by a cent does not change the result.
The NZ$50,000 test uses the highest total cost of attributing lots open at any point in the income year, including lots still open on 1 April. It is cost, not market value.
Exactly NZ$50,000.00 is reported as at the limit. The public exemptions page says the de minimis exemption is for attributing interests that cost less than NZ$50,000. The Tax Technical article on section CQ 5 says FIF income arises when the total cost at any time in the income year is more than NZ$50,000. Inland Revenue's two sources word this edge case differently, so if your cost is exactly NZ$50,000.00, check with your tax adviser before relying on the exemption.
Fair dividend rate shown here is 5% of the opening market value you entered. TDS 26/01 describes the formula as (0.05 × opening value) + quick sale adjustment. This paper does not calculate a quick sale adjustment.
Comparative value is (closing market value + gains) − (opening market value + costs), the formula TDS 23/13 quotes from section EX 51. Gains are dividend gross in NZ$ plus sale proceeds in NZ$ during the year. Costs are the NZ$ cost of shares bought during the year. Fees are not added. A dividend without a stored gross is not included.
Opening and closing market values are figures you enter for the position. A live price is not used as the 1 April or 31 March value.
Both methods are shown. Inland Revenue says you must use the same method for every attributing interest under 10% where both methods are available. This paper does not choose a method.
Corrections are not replayed. Cost follows buy, opening balance and sell rows.
This paper reads up to 5,000 ledger rows.

Inland Revenue pages used

Indicative, not tax advice.