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Te rangatiratanga rawa tukutahi me te tāke mō ngā moni whiwhi reti Joint property ownership and tax on rental income

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If you own rental property in partnership with one or more people, you will need to file partnership tax returns for the property. Each owner also files their own individual tax return for their share of the rental income.

The partnership needs:

  • its own IRD number
  • a set of accounts to record its income and expenses.