Skip to main content

RealMe unavailable RealMe will be undergoing scheduled maintenance this weekend and will be unavailable from 10pm Saturday 2 July - Sunday 3 July.

Delays to response times: It's taking longer than usual to answer calls and myIR messages. You may be able to use self-service options in myIR or on our self-service line, 0800 257 777. You can also find information on our website by typing in what you want to do in the search bar. Thank you for your understanding. Log in to myIR

Cost of Living Payment 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

Qualifying companies have tax rules that aim to treat the company and its shareholders as one entity.

Tax summary

No new elections can be made to become a qualifying company. Only companies that were qualifying companies before their income year started on or after 1 April 2011 can still be qualifying companies.

Qualifying companies have certain tax requirements that relate only to them:

  • Only dividends with imputation credits attached are taxable to the shareholders.
  • Capital gains can be distributed tax free without winding up the company.
  • Interest that shareholders have paid to acquire shares is not fully deductible.
  • Qualifying companies that make a profit can only receive a loss offset and only make a subvention payment to another qualifying company.
Last updated: 14 Oct 2020
Jump back to the top of the page