[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-302123-105":53,"doc-detail-302123-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","ir3r-rental-income-march-2024-tax-return-form","IR3R - Rental income March 2024 - Tax return form","","Rental income form IR3R for the year ended 31 March 2024, used to report income and deductions for property rented out. It requires completing sections for total rents, other related income, and any gain or loss on disposal, then calculating total income and allowable expenses by the months available for renting. The form covers interest limitations for residential property, repairs and depreciation of buildings and assets using straight-line or diminishing value methods, plus notes guiding residential rental deductions and mixed-use treatment.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/ir3r-rental-income-march-2024-tax-return-form/302123/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/ir3r-rental-income-march-2024-tax-return-form/302123.png","ImageObject",442,249,{"name":88,"@type":89},"Ben ","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-23","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"How many IR3R forms are required for rental property reporting?","Question",{"text":108,"@type":109},"Fill in a separate IR3R for each property rented out. Each IR3R covers the year to your balance date.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What goes into the income boxes for IR3R?",{"text":113,"@type":109},"Enter total rents in Box 1 and other related income in Box 2, such as insurance receipts or rates refunds. Report any gain or loss on disposal in Box 3, then add Boxes 1, 2, and 3 to calculate total income in Box 4.",{"name":115,"@type":106,"acceptedAnswer":116},"How does the form handle depreciation and interest for rental properties?",{"text":117,"@type":109},"Depreciation covers buildings and assets using straight-line (SL) or diminishing value (DV) methods, with details required for each item or pooled assets. For residential property, interest deductibility is limited from 1 October 2021 unless an exclusion or exemption applies, and the reason must be selected if claiming interest in Box 7B.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},302123,1790173991,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},2336478951081,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","IR3R  \nRental income March 2024  \n• Complete all questions on pages 1 and 2.  \n• Read our booklet Rental income – IR264 to help you fill in this form.  \n• Attach this form to your income tax return and keep a copy for your records.  \nYear ended 31 March  \nYour name  \nIRD number  \n(8 digit numbers start in the second box. )  \nAddress of property rented  \n\n|  |\n| --- |\n|  |\n\nPeriod the property was available for renting  \nmonths  \nIncome – read Note 2 over the page.  \n1. Total rents  1    \n3. Gain or loss on disposal (enter any loss in brackets)  3    \n4. Total income  4   \nExpenses – read Note 3 over the page.  \n5. Rates  5    \n6. Insurance  6    \n7A. Total interest on residential property  \n7A   \n7B. Interest expense claimed  \n7C. Reason for interest expense claimed – read Note 4 over the page.  A Māori exempt company or not a residential land company  Certain schedule 15 exclusions or property not in NZ  \n Loans drawn down prior to 27 March 2021  \n Approved build-to-rent exclusion  \n8. Agent’s collection fees  \n 9  Repairs and maintenance – read Note 5 over the page.  \n7B   \n New build exemption  \n Development or land business exemption  Emergency, transitional, social or council housing  \n8   \n|  |\n| --- |\n|  |\n|  |\n\n 10  Other (specify)  \nDepreciation – print the details below.  \n11. Buildings – read Note 6 over the page.  11    \n12. Assets – read Note 7 over the page.  \n12   \n13  \n14. Total expenses (do not include amount from box 7A in your total expenses)  \n15. Net rents (total rents less expenses)– subtract Box 14 from Box 4 and print in Box 15. Copy this amount to your tax return, if the property is NOT residential property. For residential property, use the Residential property deductions worksheets – IR1226 to help you complete your return. Read note 8 over the page.  \nDepreciation of buildings – read Note 6.  \n16. Date purchased  \n16   \n17. Construction materials and building description  \nDay Month Year  \nCost of buildings  \n(excluding cost of land) Rate Depreciation claimed Closing adjusted tax value  \nStraight line method (SL)  \n18   \n19   \n%  \n20   \n21   \nOpening adjusted tax value Rate Depreciation claimed Closing adjusted tax value  \nDiminishing value method (DV)  22    \n23   \n%  \n24   \n25   \n26  Depreciation of assets – read Note 7.  \nAsset Date purchased Cost  \nOpening adjusted tax value  \nRate  \nMethod  \nSL/DV Depreciation claimed  \nClosing adjusted tax value  \nThe information on this form is based on current tax laws at the time of printing.  \nNote 1 General  \nFill in a separate IR3R for each property rented out. Each IR3R covers the year to your balance date.  \nNote 2 Income  \nEnter the total rents received in Box 1. Enter any other income related to the rental property, such as insurance receipts or rates refunds in Box 2.  \nIf you sell or dispose of any of your assets you may be required to account for the loss or gain in Box 3.  \nAdd up Boxes 1, 2 and 3 to calculate your total income. If Box 3 is a loss, subtract it from the sum of Boxes 1 and 2. Enter the total income in Box 4.  \nNote 3 Expenses  \nClaim ongoing expenses such as rates, insurance, interest and depreciation in proportion to the number of months the property was available for renting out, for example if the property was available for 10 months, you can claim 10/12 of these expenses.  \nExpense for a holiday home or bach used both privately and to earn income may be subject to the mixed-use asset rules. See the Rental income- IR264 booklet for more information.  \nNote 4 Interest  \nFrom 1 October 2021, the interest limitation rules have limited the ability to claim interest as a deduction for residential property in New Zealand, unless an exclusion or exemption applies. For more information see [ird.govt.nz/property-interest-rules](ird.govt.nz/property-interest-rules)[ ](ird.govt.nz/property-interest-rules)[or](or Rental income)[ Rental income](or Rental income) – IR264.  \nEnter the total interest incurred for residential property in Box 7A.","cbCaim4oq5RWw30P","https://ap.wps.com/l/cbCaim4oq5RWw30P","pdf",59079,"English","# General instructions\n## Completing one form per rented property\n## Year ended 31 March\n# Income sections\n## Total rents and other related income\n## Gain or loss on disposal\n## Total income calculation\n# Expenses sections\n## Rates, insurance, and other ongoing expenses\n## Interest rules and exemptions for residential property\n## Repairs, maintenance, and other expenses\n# Depreciation\n## Buildings depreciation\n## Assets depreciation (pooling and SL/DV methods)\n# Residential property notes\n## Mixed-use asset considerations\n## Residential property deduction limitations","[{\"question\":\"How many IR3R forms are required for rental property reporting?\",\"answer\":\"Fill in a separate IR3R for each property rented out. Each IR3R covers the year to your balance date.\"},{\"question\":\"What goes into the income boxes for IR3R?\",\"answer\":\"Enter total rents in Box 1 and other related income in Box 2, such as insurance receipts or rates refunds. Report any gain or loss on disposal in Box 3, then add Boxes 1, 2, and 3 to calculate total income in Box 4.\"},{\"question\":\"How does the form handle depreciation and interest for rental properties?\",\"answer\":\"Depreciation covers buildings and assets using straight-line (SL) or diminishing value (DV) methods, with details required for each item or pooled assets. For residential property, interest deductibility is limited from 1 October 2021 unless an exclusion or exemption applies, and the reason must be selected if claiming interest in Box 7B.\"}]","IR3R - Rental income March 2024 - Tax return form | PDF",1789789278]