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Delays to response times: It is taking longer than usual to answer calls and myIR messages, and to process some COVID-19 Support Payment applications. This is because of the impact of COVID-19. If possible, please contact us through your myIR account. Log in to myIR

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

Restrictions on shareholders in an LTC

  • Shareholders in a look-through company (LTC) must be either natural persons or trustees (including corporate trustees). An ordinary company cannot hold shares in an LTC but an LTC can hold shares in another LTC.
  • An LTC must have five or less “look-through counted owners” – the natural person beneficiaries of trustee shareholders or shareholding LTCs. Related shareholders may be counted as a single owner.
  • LTCs that are more than 50% owned by foreign LTC holders are subject to a foreign income restriction.

To find out more about who can become an LTC check out our guide.

Last updated: 28 Sep 2020
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