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Look-through company (LTC) income/loss attribution 2019 IR7L

Use for the tax year 1 April 2018 to 31 March 2019

Look-through companies (LTCs) aren't assessed for tax, but each owner is liable for tax on their share of income from the LTC. 

The LTC's income, losses and tax credits must be allocated to its owners in proportion to their share in the LTC.

Use this form to show these details for each owner.

To complete this form you'll need:

  • the LTC's name and IRD number
  • the owners' names and IRD numbers
  • details of any income/losses distributed to each owner and their proportion of profits/losses
  • details of non-allowable deductions
  • details of any deductions for extinguished losses
  • details of the overseas tax paid, imputation credits and other tax credits allocated to each owner.

You can also use our Partnership and look-through company (LTC) return guide IR7G for help completing this form.

Print, sign, and attach the completed form to your IR7. You should keep a copy for your records.

This form has space to record details for four owners only

You can use as many copies of this form as you need.