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LAQCs were not able to attribute losses to shareholders for income years starting on or after 1 April 2011 and there are no new QC or LAQC elections. Existing LAQCs automatically became QCs (without the ability to attribute losses) at the start of the income year starting 1 April 2011.
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They may elect either to remain a QC or can transition into a
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176:. You can help Knowledge by
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110:"Budget Tax Bill Introduced"
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168:This article relating to
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223:Types of business entity
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233:New Zealand law stubs
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87:. 21 January 2016
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