The item concerns everyone who:
- has bank deposits in foreign banks,
- is the parent of a child who is under 17 years of age at the end of the income year and who has bank deposits in foreign banks.
The item will not apply to you if you receive a foster home allowance. If the foster home has the character of adoption and you do not receive a foster home allowance for the child, the item will concern you if the child has bank deposits in a foreign bank.
If you do not live with the child's mother/father
If the parents do not live together, it is the parent who the child lives with according to the National Registry at the end of the income year who must enter the deposits.
If the child is living with you and you are married, the child's deposit will be distributed between you and your spouse. If your spouse is not the child's biological parent, they can transfer the entire deposit to you.
When you have bank deposits abroad, form RF-1231 must be completed and enclosed with the annual statement from the bank/savings institution.