Please click here to download the questionnaire for the year ended 31 March 2025.
Individual tax return notes
Notes to complete questionnaire for individuals for the year ended 31 March 2025.
The following requirements must be met in order to claim the donations tax credit. Include only donations (or part if applicable) which qualify for the tax credit.
1.1 You have a receipt.
1.2 The amount donated is $5 or greater.
1.3 Payment date on the receipt is from 1 April 2021 to 31 March 2025 and has not previously been claimed. If later, keep the receipt(s) for next year’s tax credit claim OR forward the receipts to Baker Tilly Staples Rodway Auckland Limited for safekeeping. Please do not send any receipts for donations that have already been claimed previously.
1.4 Donations to the following organisations are claimable if they meet the above criteria:
- Donations to approved New Zealand religious organisations.
- Donations to medical research schools and universities. This must be a donation and not payment of fees or student association fees. (The receipt should clearly show that it is a donation.)
- Donations to state schools, school boards of trustees or parent teacher associations. (This must be a donation and not payment of school fees, unless these go to the school’s general fund (see below)).
To qualify, the school must be a state-funded school (this includes integrated schools) or be approved as a charity for tax purposes. - Payment of state school fees as long as these go to the school’s general fund. You cannot claim fees for tuition or specific activities such as school trips.
- Donations to approved charitable organisations.
- Donations to approved overseas aid funds.
Where necessary Baker Tilly Staples Rodway Auckland Limited will obtain confirmation from Inland Revenue that the donation made is to an approved organisation.
Please include the following types of income here:
- Salary or wages
- Shareholder employee salary (where tax has been deducted at source)
- Family support payments from the Department of Work and Income
- Student allowance (do not include student loans here)
- Any income-tested benefit (for example, community wage, transitional retirement, independent youth, domestic purposes, widow’s, invalid’s or emergency benefit)
- Accident compensation payments related to earnings
- NZ Superannuation (both non income-tested and income-tested) or Veteran’s pension
- Other pensions, annuities or superannuation (for example, any overseas social security pension), but do not include the following pensions or annuities:
- “Non-taxable” pensions or annuities from either life insurance funds or superannuation schemes registered with the NZ Government Actuary (such as Government Superannuation); and
- Tax-free pensions, such as war pensions (other than the Veteran’s Pension)
- Withholding income (i.e. directors’ fees)
- Note: Jury fees are exempt income – this means that they are NOT taxable
Did you receive any interest?
- In cash
- Credited or added to your account
- Compounded and added to your investment
- Paid by Inland Revenue
If interest received for the year is $50 or less, you may not receive a certificate or statement. However, you still need to return the gross interest and RWT deducted. Please advise the name of the payer and we can get this information from Inland Revenue.
Interest on a joint account is to be divided evenly among the holders of the account unless there is a special reason not to. If this is the case, please explain the basis of the division.
Did you receive any dividends?
If you received shares from a taxable bonus issue or a non-cash dividend, please provide details of the dividend you would have received if you hadn’t received the shares instead (this is shown on the dividend statement).
Please include any dividends from gas/power companies. It should be noted that dividends which are a distribution of the trust’s capital are tax free.
For any income from overseas please advise country it originated from and if there has been any tax withheld in that country on the income. Please also provide any supporting documentation you may have.
Item |
Information required |
| a. Overseas interest / dividends / royalties |
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| b. Transfer / withdrawal of a lump sum from a superannuation fund or life insurance |
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| c. An overseas pension / annuity |
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| d. Overseas salary / wages / commissions |
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e. Overseas business income / self-employment income / consultancy or contract income
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| f. Overseas rental income |
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| g. A distribution from an overseas trust or similar entity (whether capital or income) |
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| h. A distribution from an overseas estate |
Item |
Information required |
| a. An overseas current / cheque account | Please provide us with the bank statements for these accounts. Please also advise:
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| b. An overseas call account / money-market account | |
| c. An overseas fixed-term deposit | |
| d. An overseas credit / debit card | |
| f. An overseas digital wallet (e.g. Paypal, Google Wallet, Apple Pay) | |
| e. An overseas mortgage / loan |
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| g. Holdings in any digital currencies (e.g. Bitcoin, Monero) |
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| o. Holdings in precious metals / minerals, either physical or units (e.g. gold, silver, platinum) | |
| h. Overseas bonds / notes / other financial arrangements |
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| i. Shares in a foreign company / units in a foreign unit trust or mutual fund |
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| p. Did you have or do you have an interest in any offshore entity as a director, member, founder, trustee, protector, appointer, settlor or beneficiary? | |
| j. A foreign portfolio with a portfolio manager, bank, bare trustee or nominee | Please provide details of the investments held within the portfolio. For the investments held, please identify the type of investment and provide the relevant information per the other questions in this questionnaire. |
| k. A foreign pension / provident / superannuation fund or an entitlement in a foreign pension |
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| l. A foreign annuity | |
| m. A foreign life insurance / assurance policy as a beneficiary or payee |
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| n. Ownership / interest in an overseas property situated outside New Zealand |
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Please exclude the following sources of income in this section:
- NZ interest and any RWT deducted (include this in the investment income (NZ only) section)
- NZ dividends and any RWT deducted and/or credits attached (include this in the investment income (NZ only) section)
- Overseas income and overseas tax paid (include this in the overseas income section)
- Rental income (include in the rental income section)
Please provide workings of how your portion of the partnership income/(loss) was calculated.
If a property was purchased during the year, please attach a copy of the sale and purchase agreement and a breakdown of the purchase price between building, chattels (individually) and land.
If you began letting a property during this income year, which was purchased in an earlier year, please provide similar cost details, together with details and costs of any improvements since purchase (i.e. copies of invoices).
If the property was being rented out as short-stay accommodation (e.g. Airbnb, Bookabach, etc.), please provide details on the number of days that the property was rented out to third parties during the year. Please also provide details on the number of days the property has been used privately (includes use of the property personally, by family or friends for less than market value).
If a property was sold during the year please provide a copy of the sale and purchase agreement, settlement statement and a breakdown of the sale price between building, chattels (individually) and land.
Where there is a change in the use of the property, e.g. a rental property is no longer rented, family move in or the owners move back in, then a deemed disposal occurs on the first day of the next income year. A market value of the building, chattels and land needs to be obtained on the date of the first day of the next income year.
If rental income is joint, please provide details of how your portion of the rental income was calculated.
If a property is or has been rented to a relative or associated person, please advise the market rent for the property.
Please calculate the portion of taxable and non-taxable income if the rental property has been used for private use. Please attach the calculations.