IR4 Question 16 Partnership, estate or trust income

If the company received any income from a partnership, estate or trust, write any tax credits in Box 16A and the income totals in Box 16B.

Don’t include any:

overseas income—show this at Question 18 along with any credits attached
dividend imputation credits attached to dividends (include these in Box 14, RWT withheld in Box 14A and the gross dividend in Box 14B).

Add up any other tax credits from partnerships, estates or trusts and write the total in Box 16A.

Add up all the other income from partnerships, estates or trusts and write the total in Box 16B.

Losses from limited partnerships

If the company is claiming a loss from a limited partnership and you need help working out the amount you can claim, please go to www.ird.govt.nz.

Estate or trust income

If you received a taxable distribution from a non-complying trust, please attach a note with your return giving details of the amount and any associated tax credits.

Inland Revenue separate taxable distributions from a non-complying trust because they are taxed at a different rate. Inland Revenue need these details to work out your tax liability correctly.