Let us file your IR3 or IR4 to determine your property tax status - you might be entitled to a refund

Whether your rental property is individually owned, jointly owned or trust owned My Tax Rentals can file your return on your behalf so you know exactly how much tax on rental income you have to pay this financial year. My Tax Rentals are the proven rental property accounting professionals that Kiwi property owners trust.

As well as property tax returns, we can determine the property income if you are a New Zealander based overseas. Get in touch with My Tax Rentals to discuss your rental property income or apply online now.

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Does your rental property make a profit or a loss?

Personally owned residential property tax return $329 including GST

(Section:6750c49d229356aa6464cdfe)
You will receive:
  • Individual IR3 Income Tax Return
  • Annual Income Summary and Rental Schedule
  • Unlimited tax advice in relation to your rental property
  • Tax reminders and assessments
  • Free phone and email support  
  • Further information for a personally owned property tax return

Two things to get started...
1. A scanned copy of your driver’s licence, or picture page of your passport. IRD requires that we correctly identify you.

2. Your personal IRD number.
You will receive:

  • Two individual IR3 Income Tax Returns
  • Annual Income Summary and Rental Schedule
  • Tax advice in relation to your rental property
  • Tax reminders and assessments
  • Further information for a jointly owned property tax return

Two things to get started...

1. A scanned copy of each person's driver’s licence or picture page of your passport. IRD requires that we correctly identify you.

2. Your personal IRD numbers.

Jointly owned residential property tax return $395 including GST

(Section:6750c681229356aa6464ce20)

Company owned residential property tax return $649 including GST

(Section:6757a1eb49f276698fb60d2b)
You will receive:
  • IR4 Company Tax Return or IR7 for a LTC
  • Individual IR3 Income Tax Returns for shareholders if needed
  • Annual Income Summary and Rental Schedule
  • Tax advice in relation to your rental property
  • Tax reminders and assessments 
  • Further information for a company owned property tax return

To get started you will need...
  1. A scanned copy of your driver’s licence, or picture page of your passport. IRD require that we correctly identify you.
  2. Company IRD number and Shareholders IRD numbers.
  3. Company bank statements, a CSV file or QIF file downloaded from your bank.
  4. Supporting documents for any payments not made through the company business account.

New rules limiting the ability to deduct loan interest from rental income have now been passed into law

What this means for residential rental property owners...

Backdated to apply from 1 October 2021 for:

  • Residential rental property purchased on or after 27 March 2021, interest cannot be claimed as an expense from 1 October 2021, unless an exclusion or exemption applies. 

  • For property acquired before 27 March 2021, the ability to deduct interest on existing loans is being phased out over 4 years, ending 31 March 2025 (see the table below).

  • Interest deductions for any new loans drawn down on or after 27 March 2021 is not allowed from 1 October 2021 onwards.
Phasing out interest deductions

(Section:6757a1a349f276698fb60d04)