You and Your Qualifying Company
If you have thought about buying a rental property, you may have been advised to purchase it through an LAQC - a Loss Attributing Qualifying Company. The benefit of an LAQC is that it provides the opportunity to distribute income at the lowest tax rates and allows rental losses to be offset against other personal income.
This booklet, published by Kendons Chartered Accountants Limited, takes you through the mechanics of Qualifying Companies and LAQCs, including how to set them up and why you might want to consider doing so.
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