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LAQC (meaning Loss Attributing Qualifying Company) is a company that can attribute losses to shareholders of the company. LAQC companies are commonly formed to facilitate in the purchasing of investment property.
They provide many advantages as opposed to an individual personally buying the property as the shareholders of the LAQC company get the benefits of limited liability plus also get the benefits of tax losses made by the company.
If you anticipate that you may make a loss on your new investment then you can apply to have your company be givenLAQC status. This is a special type of company that allows for any losses that the company may make to be moved out of the company and offset against the personal tax obligations of its shareholders.
There are some rules the company must meet in order to become LAQC (summarised):
- it must not be a foreign company
- it must have no more than 4 shareholders
- the shareholders elect to become personally liable for their share of any income tax not paid by the company
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Company with the "Wow Factor". Your professionalism and customer service is totally satisfying and greatly appreciated.
Frank from Manukau
Your company has displayed the highest standard of professionalism I have seen in a long time.
Chantal from Torbay
Read more testimonials
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Phone us nationwide on 0800 726 727 or email us.
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LAQC companies
