Make a payment
Forms and guides Ngā puka tāke me ngā puka tohutohu

Interest in a foreign investment fund disclosure schedule (accounting profits method) (IR439)

(published April 2007)

About this form

If you have overseas investments, including, shares in a foreign company, units in a foreign units trust or an entitlement to a benefit from a foreign superannuation scheme or a life policy, you may need to calculate your income from these investments for tax purposes. This form includes a worksheet so you can calculate your foreign investment fund (FIF) income or loss. It must be completed by a New Zealand resident person with an interest in a FIF who elects to use the accounting profits method, and a separate form for each FIF in which you held an interest should be completed. The accounting profits method has been repealed for income years starting on or after 1 July 2011.

PDF | 263kb | 3 pages

This form can be completed on-screen by typing content directly into the PDF document. Once you have completed the form it is important that you print it out as you will not be able to save the information you enter into the form.

When to use this form

Calculate here your FIF income or loss using the accounting profits method only if you meet all of the following conditions:

  • The FIF is a company.
  • The FIF is listed on a recognised stock exchange or interests in it are offered widely to the public for subscription or purchase.
  • The net after-tax accounting profits or losses of the FIF are calculated under generally accepted accounting principles and detailed in audited financial statements sent to the shareholders for which a standard audit opinion is given.
  • The net after-tax accounting profits or losses include all extraordinary items.
  • The net after-tax profits or losses are calculated on a consolidated basis.
  • You have no reason to believe that the net after-tax accounting profits or losses of the FIF are not fairly represented.
  • The FIF is not a foreign entity listed in part C of Schedule 4 to the Income Tax Act 1994.

The accounting profits method has been repealed for income years starting on or after 1 July 2011.

What you will need

To successfully complete this form you will need your IRD number and full details of your foreign investment fund including the income interest.

If your FIF interest is non-portfolio you can electronically make an accounting profit FIF disclosure by sending us an email containing the following information:

  • details of the taxpayer filing the form, including name, IRD number, contact details
  • details of the FIF, including name, business activity, balance date, country of residence, address
  • nature of the taxpayer's FIF interest (ie, shares or units)
  • details of the taxpayer's income interest percentage (including details of the measurement basis used)
  • currency the financial statements were prepared in
  • calculation of FIF income or loss including conversion rate and NZD conversion calculation
  • details of any loss offset or loss to carry forward
  • details of any foreign tax credit available (including details of NZD conversion calculation).
  • A scanned copy of the audited financial statements of the FIF

If you do not have access to the internet you can complete the IR439 form to complete the disclosure.

After you finish

Please print, sign and attach your completed IR439 to your income tax return and send to your nearest Inland Revenue office.
You may wish to keep a copy of this for your personal records.

List of postal addresses for Inland Revenue >