FIF Calculator
Calculate your FIF income using our easy-to-use calculator tool.
Important Notes & Limitations
- This tool assumes all holdings are ordinary shares (AAPL, NVDA, etc). It does not handle specific rules for non-ordinary shares.
- The calculator will automatically calculate both the Fair Dividend Rate (FDR) and Comparative Value (CV) methods and compare the results to determine the lower assessable income amount.
- The option to compare your calculation method end-results is intended only for individuals and eligible trustees.
- Please verify your requirement to use the FIF rules before relying on these calculations. If your cost basis is under $50K then FIF tax will generally not apply to you.
1. Income Year
Select the tax year for your calculation. This determines exchange rates and calculation periods.
2. Opening Values (Start of Year)
Enter the details for each FIF holding on the first day of the selected income year (e.g., 1 April).
Import/Paste Opening Values
Copy data from a spreadsheet and paste below. Ensure columns are in the order: Holding Quantity Market Value Currency
Use tab separation between columns. Existing opening values will be replaced on successful import.
Manual Opening Value Entry
Alternatively, add opening values manually below.
3. Transactions During Year
Add all buys, sells, and dividends during the selected income year. Enter amounts in the original transaction currency.
Import/Paste Transactions
Copy data from a spreadsheet (e.g., Excel, Google Sheets) and paste below. Ensure columns are in the order: Date Type Holding Quantity PricePerUnit Currency BrokerageFee DividendAmount
Use tab separation between columns. Dates should be YYYY-MM-DD. Existing transactions will be replaced on successful import.
Manual Transaction Entry
Alternatively, add transactions manually below. Enter amounts in the original transaction currency.
| Date | Type | Holding | Quantity | Price/Unit | Dividend Amt | Currency | Brokerage | Remove |
|---|---|---|---|---|---|---|---|---|
| No transactions entered or imported yet. | ||||||||
4. Closing Market Values (End of Year)
Enter the market value for each FIF holding on the last day of the selected income year (e.g., 31 March). This is required if comparing with the CV method.
Import/Paste Closing Values
Copy data from a spreadsheet and paste below. Ensure columns are in the order: Holding Market Value Currency
Use tab separation between columns. Existing closing values will be replaced on successful import.
Manual Closing Value Entry
Alternatively, add closing values manually below.
Disclaimer
This calculator is an estimation tool based on the FIF rules as outlined in IRD documentation. It is intended for informational purposes only and does not constitute financial or tax advice. Exchange rates are indicative historical rates sourced from frankfurter.app and may differ from rates used by IRD or your broker. While we strive for accuracy, you are responsible for ensuring your tax return is correct. Always double-check calculations and consult with a qualified tax professional or IRD for complex situations or definitive advice.