[IN CONFIDENCE RELEASE EXTERNAL]
26OIA1325
23 September 2025
A O’Sullivan
[FYI request #32256 email]
Dear A O’Sullivan
Thank you for your request made under the Official Information Act 1982 (OIA), received on 8
September 2025. You requested an update on previously supplied data on taxpayers with residential
rental property investments. We responded to a previous request from you on 27 March 2025
(25OIA2086) at which stage the filing of tax returns for the 2023-24 tax year was incomplete. We
directed you to a previously released OIA
(2024-10-29-total-number-of-taxpayers-who-declared-
income-from-rental-properties.pdf) with information covering the tax years 2019-20 through to 2022-
23, and incomplete data for 2023-24 on the following topics:
• Number of taxpayers declaring income or losses from residential rental properties
• Number of taxpayers declaring negative net rents and average rental loss
• For each year and broken down by entity type, the number of taxpayers declaring rental losses
or profits, total tax paid, and average tax paid.
On 8 September you requested:
Further to request 25OIA2086 and response to, please advise final information for 2024 tax
year.
The updated information you have requested has been detailed in a response to another OIA request
issued in September 2025. Please find attached a copy of that response.
Some information has been withheld in the attachment under section 9(2)(a) of the OIA, to protect
the privacy of a natural person. As required by section 9(1) of the OIA, I have considered whether
the grounds for withholding the information is outweighed by the public interest. In this instance I do
not consider that to be the case.
Please note that the updated information was extracted from income tax returns available in Inland
Revenue’s systems as at 28 August 2025.
Thank you again for your request.
Yours sincerely
Sandra Watson
Policy Lead – Forecasting & Analysis
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[IN CONFIDENCE RELEASE EXTERNAL]
26OIA1281
4 September 2025
s 9(2)(a)
Dear s 9(2)(a)
Thank you for your request made under the Official Information Act 1982 (OIA), received on 26
August 2025. You requested an update on previously supplied data on taxpayers with residential
rental property investments. We responded to previous requests from you in October 2024
(25OIA1443, 25OIA1444, 25OIA1445 and 25OIA1446 refer) at which stage the filing of tax
returns for the 2023-24 tax year was incomplete. The tables previously released covered the tax
years 2019-20 through to 2022-23, with incomplete data for 2023-24 on the following topics:
•
Number of taxpayers declaring income or losses from residential rental properties
•
Number of taxpayers declaring negative net rents and average rental loss
•
For each year and broken down by entity type, the number of taxpayers declaring rental
losses or profits, total tax paid, and average tax paid.
On 26 August 2025 you requested:
“I am writing to enquire as to whether or not the OIA request attached above can be
updated for the 2023/24 financial year? That is, if you have a final total for the numbers
covered by these questions for that year.”
Information released
Return filing for the 2023-24 tax year is now largely complete albeit not final as adjustments to
returns can continue for a number of years. We have updated both the 2022-23 and 2023-24
tax years in the tables below. The updates were extracted from income tax returns available in
Inland Revenue systems as at 28 August 2025.
A taxpayer is defined as having positive residential rental income if their residential rental income
is more than their reported current year residential deductions. Note that a taxpayer may not
have a tax obligation in that year if they can claim ring-fenced expenses from an earlier year to
offset the income. A taxpayer is defined as having negative residential rental income if their
residential rental income (2022-23 and 2023-24) is less than their reported current year
residential deductions. Note that negative residential rental income is ring-fenced and has no
immediate tax impact.
Calculations of tax paid on residential rental income are done as if the (positive) residential rental
income was the last dollar earned.
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