Template:Orphan A Loss Attributing Qualifying Company (LAQC) is a company which, by New Zealand law, must pass on any losses to its shareholders. The shareholders can then offset these losses against their personal income.

Legislation passed in December 2010 made changes to the rules for qualifying companies (QCs) and loss attributing qualifying companies (LAQCs). LAQCs aren't 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 become QCs (without the ability to attribute losses) at the start of the income year that begins on or after 1 April 2011. LAQCs also may elect either to remain a QC or can transition into a Look-through company (LTC) at no tax cost in certain circumstances or can also transition into another tax entity, such as a partnership, limited partnership or sole tradership with no tax cost[1]



  1. Tax changes - Budget 2010

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