Skip to main content

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

A look-through company (LTC) is a special type of company. It's a separate legal entity but for income tax purposes it's treated like a partnership.

Tax summary

A look-through company must file income tax returns and report to us the same way as an ordinary company.

Owners can offset the look-through company's losses against their other income. They must pay tax on a look-through company's profits.

Look-through company owners are treated as:

  • carrying on the activities and having the status, intentions and purposes of the look-through company
  • holding the look-through company's property
  • being a part of any arrangement the look-through company is involved in
  • doing an activity or being entitled to anything the look-through company does or is entitled to.
Last updated: 07 Jan 2021
Jump back to the top of the page