Foreign investment funds: time to ask questions of IRD
OPINION: Inland Revenue has taken a new stance on how foreign shares are taxed.
Mike Rudd said IRD's change of approach has come out of left field.
Mike Rudd
Sun, 18 Dec 2022
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Owners of foreign shares have received an early, but rather unwelcome, Christmas present this year.
On December 14, Inland Revenue released a draft 'Questions we’ve been asked' on Foreign investment funds (FIFs). If this guidance is approved, it would upend the way foreign shares are taxed –
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Mike Rudd
Sun, 18 Dec 2022
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
