Did you have interests in a foreign company, a foreign trust or a foreign life assurance policy? (Read Chapter 2: Key concepts of the FIF measures and Chapter 5: Foreign life assurance policies.)
No |
The foreign investment fund (FIF) measures do not apply to you. You do not need to use this guide. |
|---|---|
Yes |
Read on. |
If you were a resident at any time during the income year, did you:
- have an interest in a FIF at the end of the income year, or
- have an interest in a foreign life assurance policy (FLP) at any time during the income year? (Read Chapter 2: Key concepts of the FIF measures and Chapter 5: Foreign life assurance policies.)
No |
The FIF measures do not apply to you. You do not need to use this guide. |
|---|---|
Yes |
Read on. |
Does an exemption apply to your interest in a FIF or FLP? (Read Chapter 3: Exemptions.)
No |
Read on. |
|---|---|
Yes |
Do not include any amount in your assessable income from the interests in that FIF or FLP. Read Chapter 8: Record keeping to work out the records that you need to keep, then read on. |