Foreign Investment Fund tax rules were amended in 2012 for future income years . For most taxpayers these became effective from 1 April 2012.
They apply to shareholdings in foreign companies of less than 50%.
There are several key features which will determine whether the foreign investment fund rules apply to you and, if so, which of the methods for calculating the income will be appropriate for your situation.
If you have any queries whatsoever, don’t hesitate to contact your wellington accountant.