What happens tax-wise if you’re investing in foreign shares? Holding shares listed outside of New Zealand means you might fall under the Foreign Investment Fund (FIF) rules.

Haydn Clark from Inland Revenue and Ross Nelson from PwC explain when and how the rules apply, based on investment amounts and types. This conversation explores scenarios where FIF tax takes effect, exemptions that may apply to ASX shares and cryptocurrency, and methods like the Fair Dividend Rate (FDR) and Comparative Value (CV) for calculating FIF income. 

Get clear explanations and examples on tax submission and voluntary disclosure, including free online tools to help with calculations, and helpful features in Sharesies. Find out how to work out and report FIF income, when to claim a tax credit, and where to go to file taxes on foreign investments.

Sharesies does not provide tax advice. If you have any questions about your FIF or any other tax reporting obligations, you should seek professional tax advice. 

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Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.