Deemed rate of return for foreign investment fund interests
Order in Council increases the deemed rate of return used for taxing foreign investment fund interests from 9.45% to 10.17% for the 2004-05 income year.
The deemed rate of return used for taxing foreign investment fund interests has increased from 9.45% to 10.17% for the 2004-05 income year. The deemed rate of return, which is set annually, applies to all types of investments, including interests in superannuation schemes and life insurance policies. The new rate was set by Order in Council on 23 May 2005.
Income Tax (Deemed Rate of Return, 2004-05 Income Year) Regulations 2005, 2005/131