Originally Posted by
Traderx
Hi all
Basic question which I can't seem to find an answer to on IRD website hope you can help.
If you are under the $50k FIF threshold can you still elect to be taxed by FDR?
Scenario: a lot of aussie unit trust funds etc pay out large distributions of cap gains etc (platinum funds for example), which i think would be taxable in NZ as a dividend/distribution, so could you elect to be under FDR even if you are under the $50k threshold so that you limit your "return" to 5%?