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.