News

Inland Revenue underlines LAQC concerns

Tuesday 11th of December 2007

By Andrea Milner

It previously voiced concern in a July 2004 media release that some investment advisors were telling their clients that they can claim a tax deduction by selling their residential property to a LAQC, renting the property back from that company and claiming a tax loss.

The IRD warned in that release that such arrangements would often be considered tax avoida...

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