Look-Through Companies (LTCs)

Clear LTC accounts and owner allocations, with the company and personal tax steps connected properly.

What you usually need

Three clear areas—without a long list of accounting terms.

Prepare annual accounts and the LTC return.

Calculate each owner’s share for their personal return.

Help with the IR862 election where LTC status is appropriate.

An LTC generally files an IR7 return, while income or loss is allocated to its owners.

Annual LTC accounts

IR7 partnership/LTC return

Owner allocation information

Support for owners’ IR3 returns

IR862 election support for new LTC status

GST and Xero review where relevant

Indicative starting price

Fixed quote

LTC pricing depends on owners, activity, property interests and the quality of the accounting records.

Short answers to the questions people commonly search before contacting an accountant.

An LTC generally files an IR7 partnership and look-through company return. Its income or loss is then allocated to owners.

IR862 is used to elect for LTC status where the company and owners meet the eligibility rules. It is not the annual tax return.

No. Structure depends on ownership, financing, expected income or losses, tax consequences and long-term plans.