Foreign investment fund deemed rate of return set for 2009-10

The deemed rate of return for taxing foreign investment fund interests has been set at 9.12% for the 2009-10 income year, down slightly from 9.18% for the previous year, Revenue Minister Peter Dunne has announced.

The deemed rate of return is set annually and is one of the methods that can be used to calculate income from foreign investment fund interests.

The rate is based on taking an average of the five-year Government stock rate at the end of each quarter, to which a 4% margin is added.

The new rate was set by Order in Council.

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