![]() In fiscal terms, this creates a transparent mechanism that is identical to the New Zealand limited partnership. An LTC is unlike a typical company in that the income and expenditure of the company are expressly in the hands of the shareholders. This latest LTC legislation went into effect on 1 April 2011Ī Look-Through Company is the same as the traditional limited liability company, established in accordance with the New Zealand Companies Act of 1993 However, the laws differ regarding the taxation of the company's income. The draft law was published yet on 15 October 2010, and successfully passed one and a half months later. These were to be called Look-Through Companies. In December 2010, new legislation was introduced which approved a new type of companies-or rather, a new kind of taxation structure for companies in the vein of the old LAQCs. Community Investors anxiously awaited the appearance of any alternative. LAQCs had been popular among property investors. ![]() In May 2010, as part of the 2010 New Zealand budget, Loss Attributing Qualifying Companies (LAQCs) were abolished. The LTC has replaced the previously popular Loss Attributing Qualifying Company and will be a simpler alternative to Limited Partnership however, this new structure differs in a number of key areas. A Look-Through Company (LTC) is a kind of tax structure for New Zealand companies with limited liability, which allows the company in question to transfer its income and expenditure to its shareholders directly.
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