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• LAQC and LTC's

Loss Attributing Qualifying Companies (LAQC) and Look Through Companies (LTC)

Losses from LAQC's are no longer able to be claimed after the 2011 tax year.. The IRD's solution to the cessation of LAQC’s  is the LTC.

Click here to learn  more about what is happening, the features, advantages and disavantages of a LTC, and what options are available to you.

There is a 2 year to transition period where companies can elect to transfer to another entity without any tax cost by 30 November 2012.  However it is preferred for a decision to be made now or losses will not be able to be utilised in the 2012 year.

Diagram -  Summary of Taxation of Profit and Losses for Different Types of Companies.

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