This Foreign Investment Fund calculator uses the Method Cost Method, which is also known as the CM method to calculate the FIF income. This method is calculated in a similar manner to the FDR FIF method, however, the key difference between the two is that:
The CM method is used if the FIF interest is an ordinary share, and the person is not able to obtain a market value for the interest, except if this has been acquired by an independent valuation. The key point here is that you are unable to confirm the market value of the share at the beginning of the income year which starts on April 1st.
The FDR method is used if the FIF interest is not an ordinary share, such as being listed on the stock exchange and they can obtain the market value with the independent valuation. This usually can be obtained by tracking the price of the stock or interests on an exchange or trading platform.
NOTE: This CM FIF method can only be used if the interest was not an interest for the previous income method, and the cost method has been used for a period of four more income years ending before the relevant income year and has not applied this paragraph to the interest for any of those income years.
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Was there FIF interest acquired during the year?
If the interest was not owned on the April 1st the answer is yes.
Net asset value of the interest? (if available)
This is the net asset value based on the financial statements made available to the general public for the relevant year. If this is not available leave this blank
Independent valuation of the market value
If an independent valuation was obtained enter the value here
What was the previous year's opening value?
What was the opening market value used in this calculation last year
Is the opening shareholding the same as the previous year's opening shareholding?
Has the number of shares increased or decreased during the year
If the shareholding has increased what is the value of the shares acquired?
This is calculated as the increase in shareholding x average cost. Leave blank if no increase if the shareholding in the current year is not greater than the shareholding in the previous year.
If the shareholding has decreased what is the proportion of shares still retained?
This should be calculated as current year opening shareholding/previous year's opening shareholding. Leave blank if opening shareholding in the current year isn't less than the opening shareholding in the previous year
Opening Market Value ($)
This is calculated based on the inputs above.
Opening Number of Shares (number)
This is the total number of the shares in the foreign investment funds at the beginning of the tax year.
Largest shareholding during the tax year (number)
This is the largest number of total number of the shares in the foreign investment funds at the beginning of the tax year.
Closing Number of Shares (number)
This is the total number of the shares in the foreign investment funds at the beginning of the end of the tax year.
Number of shares acquired during the tax year
This the total number of shares acquired during the tax year
Value of shares acquired during the year
This the total value of shares acquired during the tax year
Number of shares disposed of following acquisitions
This is the total number shares disposed of which followed acquisitions earlier in the tax year.
Value of shares disposed of following acquisitions
This is the total value shares disposed of which followed acquisitions earlier in the tax year.
Difference between opening and peak
Difference between closing and peak
Smallest difference?
Average value of shares acquired
Peak holding adjustment
Actual gain
Quick Sale Adjustment
Income
Tax rate
Tax
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