T trg Registered User Messages 90 8 Oct 2015 #1 Hey folks, Just enquiring about the tax situation where a company enters into a 25 year lease and pays the entire lease amount of say €80,000 to the land owner up front? Can you take the 80k and pay tax on 1/25 of 80k for 25 years?? Or is there a part disposal here.....
Hey folks, Just enquiring about the tax situation where a company enters into a 25 year lease and pays the entire lease amount of say €80,000 to the land owner up front? Can you take the 80k and pay tax on 1/25 of 80k for 25 years?? Or is there a part disposal here.....
J Joe_90 Registered User Messages 2,222 8 Oct 2015 #2 Interesting is it a premium on the grant of a lease or advance rent? The 80k would be taxable in year one by the landlord on the basis of rent received or receivable!
Interesting is it a premium on the grant of a lease or advance rent? The 80k would be taxable in year one by the landlord on the basis of rent received or receivable!
T trg Registered User Messages 90 8 Oct 2015 #3 Advance payment so taxable I imagine. Premium would be part disposal CGT territory I reckon