Taxation of certain entities - Qualifying companies (QC)
HA 11B: When requirements no longer met: LAQCs
You could also call this:
“This provision about LAQCs no longer meeting requirements has been removed from the law”
This section of the law used to talk about what happens when a company no longer meets the requirements to be a Loss Attributing Qualifying Company (LAQC). However, this part of the law was removed on 17 July 2013. It’s no longer active, which means it doesn’t apply anymore. If you want to know about current rules for these types of companies, you’ll need to look at other parts of the tax law.
