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Webinar Archive Presentation

You will consider

• New income tax treatment of lease inducement, surrender and other similar payments
• Refresher and update on the compulsory land GST zero-rating rule
• Treatment of GST in valuations, including the recent Sayes case
• New rules relating to deductibility of expenditure on mixed-use assets such as baches.

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Booklet

Introduction

A lease inducement payment (LIP) is a (generally lump-sum) cash payment by a landlord to a tenant, or prospective tenant, as an inducement to enter into a lease. A lease surrender payment (LSP) is a payment typically made by a tenant to the landlord, but in some cases landlord to tenant, in consideration for terminating a lease prematurely.

If enacted, proposed legislative amendments will radically alter the income tax treatment of LIPs and LSPs, as well as other, similar arrangements concerning analogous land rights, with effect from 1 April 2013.

PowerPoint Presentation