Posts Tagged ‘LTC’
CHANGING SHARES IN LTCS: CONSIDERATIONS
Let’s say that the company owes the shareholders $150,000. This is tracked in the Shareholders Current Account, and is a liability (debt) of the LTC…
Read MoreARE TAX BENEFITS A GOOD REASON TO CHANGE COMPANY SHAREHOLDINGS?
Previously you both earned about the same, but now there is a child in the mix, and one of you is working less as a result, and earning less as a result.
Read MoreWHAT IS NZCO? WHAT’S THE COMPANIES OFFICE RETURN? IS IT THE SAME AS A TAX RETURN?
WHAT IS THE NZCO? NZCO is short for New Zealand Companies Office.It is part of MBIE (Ministry of Business, Innovation and Employment) and administers a number of registers, including a register of companies, their directors and shareholders, and related documents. WHAT’S A COMPANIES OFFICE RETURN? All companies are required by the Companies Act 1993 to file…
Read MoreTO LTC OR NOT TO LTC: THAT IS THE QUESTION!
To LTC or not to LTC: that is the question. What do we mean? Watch this interview with Garreth Collard, Principal of EpsomTax.com Limited, Investment Accountants, Auckland, and learn more about: What is an LTC? (see also this article) Is it the same as an LAQC? Who would benefit from setting up an LTC? Should…
Read MoreLTCS VS QCS AND LAQCS
LTCS VS QCS AND LAQCS. Unlike the LAQC rules, shareholders of an LTC are liable for tax upon the company’s profit, as well as being able to offset the company’s losses against their other income.
Read MoreRENTAL INVESTMENT PROPERTIES & LTCS – A GOOD MATCH?
… is whether an LTC is the right ownership structure for your Residential Investment Property. We pick Garreth’s brain to get to the heart of whether an LTC is right for you. A ‘must see’ for any investment property owners!
Read MoreSHOULD YOU FORM AN LTC TO OWN YOUR RENTAL INVESTMENT PROPERTY?
However, this legal vehicle does allow you to proportion losses (and income) according to the amount of shareholding that each shareholder has.
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