Notice of Determination Regarding Type of Interest in a Foreign Investment Fund Where the Fair Dividend Rate Method May Not be Used

Notice Type: Departmental
Notice Title: Notice of Determination Regarding Type of Interest in a Foreign Investment Fund Where the Fair Dividend Rate Method May Not be Used

This is a notice made under section 91AAO(5) of the Tax Administration Act 1994 of a determination made by the Commissioner of Inland Revenue under section 91AAO(1) of that Act.
Determination FDR 2015/01 was made on 16 March 2015 determining any investment a New Zealand resident investor makes in the New Zealand dollar denominated shares issued by Wellington Management Portfolios (Dublin) Plc is a type of attributing interest for which a person may not use the Fair Dividend Rate method to calculate Foreign Investment Fund income for the 2014–2015 and subsequent income years.
The determination will appear in Inland Revenue’s Tax Information Bulletin, Vol. 27, No. 3 of April 2015 and will also be available on the Inland Revenue website:

JOHN TREZISE, Investigations Manager, Investigations and Advice, Inland Revenue.