FIF responsibility check

Answer these before using the calculator. The goal is to identify the right next step, not to replace IRD guidance or tax advice.

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Are you a New Zealand tax resident for this income year?
Are you still within the transitional-resident exemption period?
Do you hold any potential FIF rights, such as overseas shares, overseas ETFs/unit trusts, a FIF superannuation interest, or a foreign life insurance policy?
Have you excluded holdings that are clearly outside FIF, such as eligible ASX shares, NZ PIE funds, bank accounts, direct property, CFC interests, or other IR461 exemptions?
Did the total cost of your non-exempt FIF interests go over NZ$50,000 at any time in the year?
What type of taxpayer are you?
Could RAM apply because you became NZ resident on or after 1 April 2024 after 5+ years non-resident, or because you are taxed overseas on disposals by citizenship/right to live or work?

Do these checks before calculating

You have at least one fact that can change whether FIF applies or which method is available.

  1. Confirm whether you are a New Zealand tax resident for the income year.
  2. Confirm whether the transitional-resident exemption still applies.
  3. Classify the investment type: foreign company/share, foreign ETF/unit trust, FIF superannuation interest, foreign life insurance policy, NZ PIE, ASX exemption candidate, cash account, direct property, or something else.
  4. Check exemptions before calculating, especially ASX-listed Australian companies, NZ PIE funds, CFC interests, and other IR461 exclusions.
  5. Use the NZ$50,000 cost-threshold tracker to test whether cost exceeded the threshold on any day.
  6. Select the taxpayer type, because method availability differs for individuals, trusts, companies, and other taxpayers.
Use threshold tracker Open historical calculator Filing checklist Check RAM