Loss Attributing Qualifying Company
From Wikipedia, the free encyclopedia
This article does not cite any references or sources. (January 2008) Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. |
A Loss Attributing Qualifying Company (LAQC) is a company which, by New Zealand law, must pass on any losses to its shareholders. The shareholders can then offset these losses against their personal income.