Site Archives “loss limitation rule”

LTC loss limitation rule explained – ‘Owner’s shareholding’ versus ‘owner’s effective interest’

Posted by Daniel Hunt, on March 18, 2011

From 1 April 2011 new tax legislation introduces the Look-Through Company (LTC). This is the result of tax legislation passed in December 2010. From 1 April 2011, LAQCs, as we know them, will no longer be! This post provides a brief overview of the new entity and attempts to explain the new LTC loss limitation rule. Read more

Tags

"Look through companies" "loss limitation rule" "LTC" Abolition Associated Persons Avoidance Beneficiary income Budget capital gains tax CGT Charities Company Tax Competitions complex constructive trust Council Rates Daniel Hunt Deductions Definitions disputes
Complete tagcloud

Recent comments

  • Byron: I thank you for your very informative post, It is one that I wished I found four months ago. However are you...
  • Jerry: I have a couple of quetsion on the following LTC with rental activity: Market value of rental proerty at...
  • Aaron: Hi Daniel, very interesting area this. im currently doing a masters and have been doing similar research. If...
  • Anne: Asuming that parent is on full govt subsidy and legal amount of money still left in accounts. What about money...
  • andy: With a LTC, say you make a loss of $100,000 in a calender year , how much of this loss can you claim back...
  • steve: In the 2012 IR7 Guide , IRD give a loss limitation example that turns a LTC loss into possitive assessable...
  • viny: spouse wants 50/50 shareholding. A friend said it is not as simple as just going into website and changing...
  • Mary: With the abolishment of gift duty/tax, doesn’t this leave it wide open for these scammers, who...
  • Simon G: Both of my parents are in residential care which is being paid for by their residential care loan. In the...
  • Carla Cross: I agree with you entirely. Transparency and certainty are crucial for a self-assessment tax system....

Upcoming Events

  • No events.

Podcasts

Poll

In the past 12 months, do you think the amount of IRD investigations being undertaken has?

View Results

Loading ... Loading ...

Categories

Archives

Stay informed

By e-mail
What is RSS? Via RSS

Authors

All authors

Links