Conditions that a partnership, joint venture (JV) and look through company (LTC) must meet
Each partner in a partnership, each JV member or each owner of an LTC must:
- be a tax resident of New Zealand for their whole income year, and
- file their own RDTI claim.
Provided the partnership, JV or LTC satisfies the following eligibility criteria as a whole, those criteria can be attributed to each individual member wishing to claim:
- eligible entity
- eligible activity
- $50k minimum eligible R&D expenditure threshold.