3.1 How to check if you are required to file FIF income in New Zealand
Some shares in ASX-listed Australian companies are exempt from the FIF rules. (See 3.1.1.)
If the shares are exempt, you will be taxed under the same rules that apply to New Zealand shares.
3.1.1 FIF Exemption for ASX-listed Australian companies
The ASX-listed Australian company exemption applies when you own shares in a company that:
- is included on the official ASX list
- is an Australian resident and not treated as a resident in another country under an agreement between Australia and that other country
- maintains a franking account, and
- offers stock that is not stapled.
You can use this tool that has been provided by the IRD to check if the Australian company is exempt from the FIF (See 2.4) rules.
Before you start, you’ll need to have the ASX ticker code for the company that you are checking.
Disclaimer: The content of this page is for educational purposes only. It is designed to help you understand the potential tax obligations that may apply to you when investing in financial products. Tiger Broker does not provide any advice, including tax advice, and is not responsible for providing any guidance, opinions, or suggestions about tax for you. If you have any questions about your personal circumstances and tax obligation, we suggest you contact your tax advisor directly for more information.