If your last year's taxable income is greater than $38,000 or last year's taxable income combined with last year's investment fund income earning is greater than $60,000 your prescribed investor rate is 30% if below 19.5%. You can use details from either of the two years, prior to the tax year to which the rate will apply, to see if you qualify for the reduced rate of 19.5%. For further details visit www.ird.govt.nz.
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