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Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Fringe benefits

54D: Information in relation to repayment of RLWT

You could also call this:

"Information needed to get Residential Land Withholding Tax back"

Illustration for Tax Administration Act 1994

When the Commissioner decides if you can get a repayment of Residential Land Withholding Tax, they need some information from you. You have to fill out a form that tells them about your income and deductions for land before you sold the residential land. The form also asks if you meet certain requirements under section CB 16A or CZ 40 of the Income Tax Act 2007. You have to give other relevant details too. The Commissioner can also ask you to give them other documents with the form. You need to give the Commissioner the right information so they can decide about your repayment.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6890405.

Topics:
Money and consumer rights > Taxes
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54C: Information in relation to payment of RLWT, or

"Information to give when selling residential land"

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54E: RLWT certificate of exemption, or

"A special certificate to avoid paying some tax when building or developing land"

Part 3Information, record-keeping, and returns
Returns: Fringe benefits

54DInformation in relation to repayment of RLWT

  1. For the purposes of deciding if an amount of RLWT may be repaid for a person under section RL 6 of the Income Tax Act 2007, the Commissioner must prescribe a form that requires—

  2. a person’s income and deductions for land for the period of the part of the income year before the date that is 1 month after the relevant disposal of residential land; and
    1. whether or not the person, for the relevant disposal of residential land, will meet the requirements in section CB 16A or CZ 40; and
      1. other relevant particulars.

        1. The Commissioner may also prescribe any appropriate documents to accompany the form.

        Notes
        • Section 54D: inserted, on , by section 80 of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).
        • Section 54D(1)(b): amended (with effect on 27 March 2021), on , by section 159 of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).