Published on 07 May 09
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
Leasing of real property is a commonplace commercial transaction. Given the breadth of commercial dealings it should not be surprising that such activities give rise to a myriad of tax issues. This paper revisits the various tax issues arising in leasing real property. It also considers the planning associated with achieving optimal commercial outcomes from both a lessor and lessee's perspective. Specific topics include:
- legal nature of a commercial lease
- key terms and statutory issues
- tenants fixtures and improvements
- tax issues with lease premium and surrender payments
- lease incentives - landlord and tenant tax issues.
Current at 28 May 2009
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