LAQCs

[tonyd]

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

 

[DaleGG]

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!

Dale

 

[paulzag]

Reply: 1.1
From: Paul Zagoridis


Dale

CER allows Oz companies to do business in NZ and vice versa. Surely this is an opportunity?

Paul Zag
Dreamspinner
The Oz Film Biz site is archived at...
http://wealthesteem.dyndns.org/

 

[DaleGG]

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!

Dale