We present an analysis of the electronic structure of perovskite-related iridates, 5d electron compounds where a subtle interplay between spin-orbit coupling, tetragonal distortions and electron correlations determines the electronic structure properties. We suggest via electronic structure calculations that a non-collinear calculation is required to obtain solutions close to the usually quoted j ef f = 1/2 state to describe the t2g hole in the Ir 4+ :d 5 cation, while a collinear calculation yields a different solution, the hole is in a simpler xz/yz complex combination with a smaller Lz/Sz ratio. We describe what the implications of this are in terms of the electronic structure; surprisingly, both solutions barely differ in terms of their band structure, and are similar to the one obtained by a tight binding model involving t2g orbitals with mean field interactions. We also analyze how the electronic structure and magnetism evolve with strain, spin-orbit coupling strength and on-site Coulomb repulsion; we suggest the way the band structure gets modified and draw some comparisons with available experimental observations.