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Election to form an imputation group

(published February 2018)

When to use this form

Use this form to elect to form an imputation group and to elect the nominated company of the imputation group. This form is to be completed by all companies forming the imputation group. An IRD number will be issued once the form is processed.

All companies forming the imputation group must be wholly-owned.

Each company must also be eligible to be part of an imputation group, ie meets all of the following criteria:

  • It is a tax resident in New Zealand or Australia and is not treated as resident in another country for the purposes of a double tax agreement (DTA), and
  • It maintains an imputation credit account.
  • It is not a qualifying company unless all members are qualifying companies.
  • It is not a mining company unless all members are mining companies.
  • It is not a member of a consolidated group unless all members of the consolidated group meet all of the above criteria and also elect to be members of the imputation group.
  • Members from more than one consolidated group may only be part of an imputation group if the existing credits in the consolidated imputation accounts have the same shareholder continuity profile.
  • There must be no arrangement to defeat the intent and application of the imputation rules.

All Australian companies electing to be part of an imputation group must also complete a Trans-Tasman imputation election (IR488) form.

If there are more than 3 companies forming the group, please complete multiple IR473 election notices.

What you will need

  • the IRD number of each company or consolidated group
  • the current ICA balance of each company or consolidated group

After you finish

Please print, sign and post the completed form to:

Inland Revenue
PO Box 39010
Wellington Mail Centre
New Zealand 5045