We know that some investors have other overseas investments outside of Hatch and their combined investment cost may have gone over the $50,000 NZD Foreign Investment Funds (FIF) threshold at some stage during the tax year.
This means the FIF rules apply if you have overseas investments that cost (investment cost):
With Hatch | $45,000 NZD |
With XYZ Brokers | $10,000 NZD |
Total overseas investment cost | $55,000 NZD |
The FIF rules don’t apply if you have overseas investments that cost:
With Hatch | $45,000 NZD |
With XYZ Brokers | $2,000 NZD |
NZ Shares | $3,000 NZD |
Total overseas investment cost | $47,000 NZD |
You can order a Hatch FIF Report after the end of every tax year (after 31 March), in the tax reports section in Hatch. Your FIF report will calculate your FIF income for your Hatch investments only. But you can add the information to your other investments to calculate your total FIF income.
Note: Your tax obligations are unique to you. If you're unsure, we recommend you seek professional tax advice. Your situation may change over time; it’s your responsibility to keep up to date with changes.