Agents Answers: Corrections
Correction - AGENTSanswers February 2009 - issue 109
In the article "Qualifying companies and loss attributing qualifying companies (QC/LAQCs)" the fifth bullet point read:
- If the company has a trust as a shareholder we require all trustees and sui juris beneficiaries to make the election. Make sure you include the names of the trustees and beneficiaries on the election.
The bullet point should have read:
- If the company that is electing to become a QC/LAQC has a trust shareholder we require all of the trustees and at least one beneficiary with legal capacity to sign the election, not all of the beneficiaries.
This has been amended in the read online version.
Date published: 06 Aug 2009
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