Documents related to current tax year or to no specific tax year
Revocation of qualifying company or loss attributing qualifying company election IR437
(published March 2011)
About this form
When you have elected to be either a qualifying company or a loss attributing qualifying company (LAQC), this form enables you to revoke that election. An election may be revoked by a resolution of the board of directors of the company and/or any shareholders who previously elected. The revocation of loss attributing qualifying company status will also cause loss of qualifying company status.
Adobe Acrobat PDF | 121kb | 4 pages
When to use this form
A qualifying company maintains its company structure while receiving the taxation benefits of a partnership. A loss attributing company must pass on any losses it makes to its shareholders, who will offset the loss against their other income. This form should be completed when you have elected to be either of these and you wish to revoke that election. Revocations apply from the beginning of the income year in which we receive the notice, unless a later year is specified.
- Where the directors are revoking the election for a qualifying company or LAQC, complete Section 1 of this form.
- Where a shareholder is revoking the election, complete Section 2 of this form.
What you will need
To successfully complete this form you will need:
- the company's IRD number.
- all directors' names and signatures.
- all shareholders' names, signatures, IRD numbers and effective interest.
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After you finish
Please print this form, complete the details, sign and post to your nearest Inland Revenue office.
You may wish to keep a copy for your records.