Deemed rate of return falls
Thursday, August 29th 2013, 1:58PM
Tthe deemed rate of return for taxing certain foreign shares is 6.91% for the 2012–13 income year, down from the previous year’s rate of 7.58%.
The rate is set annually and is used to calculate income or losses from certain foreign shares with debt-like properties and for which a market value is not available. It is based on an average of the five-year Government bond rate at the end of each quarter, to which a 4% margin is added.
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