From: Tony Dixon

Further to the "Trusts and Negative Gearing" thread, I was wondering whether Loss Attributing Qualifying Companies (LAQCs) exist in Australia?

In NZ they are a useful method of controlling a property which is negatively geared. An LAQC is a company in every sense, however losses can be passed onto shareholders.

The company is expected to make a profit at some time in the future.
But then you can always set up a new LAQC for subsequent property purchases.

cheers, Tony
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Reply: 1
From: Dale Gatherum-Goss

Hi Tony

No, we don't have anything like that here, I am afraid. Might be nice if we did . . .

Good question though!

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Reply: 1.1.1
From: Dale Gatherum-Goss

HI Paul!

I'm not familiar with CER . . . although, I don't see how it would help this situation unless the company in question is established in NZ and is a "resident" of NZ for tax purposes.

Too many hassles and not enough benefits for me.

Good try though!

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