IR3 Question 22 Rents

Show income you received from rents between 1 April 2018 and 31 March 2019 at Question 22.

Prepare a summary of the details for each rental property. You can use either:

• the Rental income (IR3R) form, which asks for all the information Inland Revenue need, or

• your own summary.

If you need an IR3R form, you can print a copy off the Inland Revenue website www.ird.govt.nz

If you prepare your own summary, please refer to the IR3R form or the guide Rental income (IR264) to see what to include.

* You are a major shareholder if you either own, control or have rights to acquire at least 10% of shares or voting rights in a close company, or have by other means at least 10% control of a close company.
** A company where there are five or fewer shareholders whose total voting interests in the company are greater than 50%.

What to show in your return

Add up the net rents (total rents after expenses) and print the total in Box 22. Attach the IR3R, or your summary, to the top of page 3 of your return.

Keep your receipts with your records in case Inland Revenue ask to see them later.