IR4 Question 21BA Residential land withholding tax (RLWT) credit

If the company is an “offshore RLWT person” and has sold or transferred residential property located in New Zealand, RLWT may have been deducted from the sale price.

The company should have received a statement on the completion of the sale process showing the amount of RLWT deducted. The company can claim a credit for any RLWT deducted. Show the amount of RLWT deducted, less any RLWT paid back to the company and/or transferred to outstanding amounts during the income year.

If there was more than one amount of RLWT deducted, show the combined amount, less any RLWT paid back to the company and/or transferred to outstanding amounts during the income year.