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One Response
As ARG is a PIE, the dividend can be treated as excluded income for New Zealand income tax purposes.
I have some concerns that this advice may lead many investors having average taxation payable of less that 28% on their total income, not reducing their tax liability by declaring the dividends and imputation credits. Prior to the latest budget adjustments , 55K income pays 17.31%, 100K 23.82% and it is not until reaching 180K that it is 27.95%. I would add from my own experience in completing online tax returns, that it is somewhat tortuous to add these onto ordinary dividend income as IRD then needs a scanned hand written statement of the adjustments as an attachment in explanation before it will accept the return. I hope this is helpful.