Gold

[Snow Leopard]

Goto

https://brc2.ird.govt.nz/opa12/web-d...lobal%24global

press the buttons to make it work and it will tell you that:

PMGOLD is not FIF exempt

[Nor]

Thank you for your response Snow Leopard. I've used this IRD feature to check my holdings before and I know it says PMGOLD is not exempt but I don't think this is necessarily conclusive because just as it says that Xero is not exempt (because it is not foreign and so doesn't need exemption), it might being saying that PMGOLD is not exempt because it doesn't fall into any of the four categories to start with, ie foreign company, unit trust, superannuation scheme or life insurance policy.

The closest match would be unit trust but it is not that. Perth Mint describes it as an option to acquire gold. Please post any more thoughts.

[Snow Leopard]

What it does not say for PMGOLD which it does say for BHP & WOW etc is this:

"Income from the shares is taxed under the general income tax rules."

Take that as it comes under FIF.

[Nor]

Well it wouldn't say that would it, because they're not shares.
Neither does it say they are FIF.
It says (in part)
"If the investment is a FIF, the income will generally be taxed under the:

fair dividend rate (FDR) method
comparative value (CV) method
cost method (CM)
deemed rate of return (DRR)"

Note the if.

I'll find the answer one way or another but I will need more certainly than what it doesn't say about them.

[Snow Leopard]

There is no helping some people.

[Nor]

If you don't know either you're not much help.

[Crypto Crude]

Lol snow Leopard...
You got mauled...
...

[Aaron]

Don't know if this helps but here is a definition of a foreign investment fund (FIF)
A foreign investment fund (FIF) is an offshore investment that is:

a foreign company
a foreign unit trust
a foreign superannuation scheme
an insurer under a foreign life insurance policy.

If it is not under $50,000 or on the ASX exemption list or a foreign superannuation scheme then it is a FIF.

[Nor]

Which of those four categories does PMGOLD fall in?

[Nor]

PS cash and TDs and some other things are not FIFs.