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Residential property
Ngā whare rīhi me ngā whare haumi

Managing a rental property

If you're renting out a property then you'll have tax to pay on the rental income you earn. It might be from renting out land, buildings, a holiday home, or a room in your own home.

Things you need to know

  • Rental income has to be taxed in the same year that you receive it.
  • There are some expenses, related to maintaining and renting out your property, that you can claim for.
  • There is no GST on residential rental property. However, if you own an investment apartment with a management or service agreement in place, there may be GST implications to consider.
  • If you switch between renting out property and property dealing, you may be liable for tax when you sell.

Find out about ...

Your tax obligations

Claiming expenses

Putting it right

Useful information

Tax and your property transactions (IR361)
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Date published: 05 Aug 2015

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