IR10 Which returns may require an IR10?
If amounts have been entered into these boxes:
| IR3 | Boxes 12B, 22, 23 and/or 24 |
|---|---|
| IR3NR | Boxes 19, 20 and 21 |
| IR4 | Boxes 12B, 19B and 21B |
| IR6 | Boxes 15B and 16B |
| IR7 | Boxes 10B, 17B, 18B and 19B |
| IR8 | Boxes 8C, 8D and 8E |
| IR9 | Boxes 11C or 12C |
the customer could be in business.
You’ll need to consider each case individually to decide if they are.
Customers have the option of attaching either:
a fully completed Financial statements summary (IR10) form, or
a set of financial statements.
IR10 forms must be completed before sending E-File returns to Inland Revenue.
The IR10 should record GST-exclusive figures, unless the financial statements are prepared on a GST-inclusive basis.
Taxable property sales
If you’ve shown a net profit or loss from property sales in the “Other income” box of the tax return you may need to complete a Property sale information (IR833) form, even if you’ve included the profit/loss in the IR10.