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Takapuna office closure | Takapuna office closure. The Takapuna office is relocating to a new address so will be closed from 22 November 4pm to 26 November 4pm. From 27 November you can find the new office at: 74 Taharoto Road Smales Farm, One NZ Building, Takapuna.

Some services unavailable 23 - 24 November | myIR, gateway services and our self-service phone line will not be available from 3pm Saturday 23 November to 9am Sunday 24 November while we do planned system testing. This will not affect any tax entitlements or payments scheduled during this time.

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Restrictions on shareholders in an LTC

  • Shareholders in a look-through company (LTC) must be either natural persons or trustees (including corporate trustees). An ordinary company cannot hold shares in an LTC but an LTC can hold shares in another LTC.
  • An LTC must have five or less “look-through counted owners” – the natural person beneficiaries of trustee shareholders or shareholding LTCs. Related shareholders may be counted as a single owner.
  • LTCs that are more than 50% owned by foreign LTC holders are subject to a foreign income restriction.

To find out more about who can become an LTC check out our guide.

Look-through companies IR879 2024 (PDF 336KB) Download guide
2021 IR879 (PDF 228KB) Download guide 2018 IR879 (PDF 169KB) Download guide

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Last updated: 28 Sep 2020
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