Processing Time for IR3 Through IRD

[Purple Property]

This is the first year I've owned a rental property and had tax losses.

What is the timeframe for IRD to process the IR3?

My accountant put the completed forms in with them about 6 weeks ago and haven't had my refund through yet.

[Rosco]

It depends on the level of the refund.

Lower refunds can be released in a few days, whereas larger ones can take up to the full 10 weeks which is IRD standard processing time.

A large refund is around the $5k or over.

Ross

[sidinz]

Mine is usually back within days, but it's taking longer this year.

[Anthonyacat]

Almost all of the returns I've filed (both tax to pay and refunds) have been processed within two weeks. Most within a couple days, including a few $10k refunds. I've been very impressed how quickly IRD have worked as a whole this year.

I do have a couple stuck 'under review' for many weeks now, for seemingly no reason. But as Ross said, they have up to 10 weeks as their standard timeframe.