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Taxpayer will have to fill IR 833 form from 2016 and future income tax years if they:

• have a taxable property sale and

• show the income from the sale in the “Other income” box of their tax return

Separate IR833 is required for each taxable property sale in a financial year. If more than five sales in one year, taxpayer can file a list with all the details rather than individual IR 833 forms. 

If taxpayer is a company or a sole trader in business of selling properties and includes the sale income as business or self-employed income, you do not have to file the IR 833 form.

The form can be downloaded from here

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