Why am I paying tax when I have made an investment loss?
Tax is payable on your taxable investment income, which may be calculated in a different way to investment returns.
Tax rules differ for different types of investment assets - therefore your taxable investment income will depend on the type of assets held by the fund you invest in.
Sometimes tax is payable even when there has been an investment loss – for example international equities are taxed at an assumed return of 5% (called the ‘Fair Dividend Rate’ method) regardless of the actual return for the year.
You check your Prescribed Investor Rate (PIR) here and update it using FastNet Classic internet banking or by contacting us. ...
Investors with a 0% Prescribed Investor Rate (PIR) will need to file a tax return with Inland Revenue directly in ...
You can use our calculator to check what PIR you should use or visit the IRD website. You can update ...
Each account holder should provide us with their individual Prescribed Investor Rate (PIR). The Portfolio Investment Entity (PIE) income attributable ...