Why do you have an LTC? Do you understand your obligations as a shareholder of an LTC? Did you know that you may be personally liable for the tax of your LTC? Did you know that changes to the shareholding of your LTC may result in your LTC status being lost? Make sure you...

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Auckland Legal are LTC specialists. LTC stands for look through company. It is a company that allows to pass on for tax purposes its income and expenditure directly to its owners, who are treated as the owners of the company's assets in proportion to thier shareholdings in the company.

It is crucial that you obtain specialist advice prior to forming a LTC or completing any transactions with a LTC. The Tax consequences of transacting with a LTC can be significant. The most crucial decision you may make with your LTC is with respect to the structure of the shareholding - Talk to the team at Auckland Legal and GET IT RIGHT FIRST TIME!

Did you know that the IRD's rules in relation to LTC and tax treatment of depreciation is constantly under review? Auckland Legal are LTC and Tax specialists. We keep a close eye on any developments so that we are better informed to offer you the best advice.

It is easy to form a LTC. You will need a physical address in New Zealand (this can be your residential address) and be willing to give your consent to act as a director and shareholder in the company.