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Ngā puka tāke me ngā puka tohutohu

Look-through companies (IR879)

This is a guide to the look-through company (LTC) rules. An LTC maintains its company structure but the company is "looked through" for income tax purposes. LTC shareholders, while being able to offset the LTC's losses against any other income, are also liable for income tax on its profits.

This guide outlines:

  • the eligibility criteria for becoming an LTC
  • the advantages and disadvantages of being an LTC
  • how to become an LTC, and
  • how an LTC’s income or loss is passed on to its shareholders.