Page 3 - F6 - Capital Allowances - Leases

LEASE IMPROVEMENTS (s11(g) Lessor incl.
in GI par (h)

LESSEE

Lessee = obliged to make improvements by leasehold agreement

Spent = Contract Spent < Contract Spent > Contract

Use: Use: Use:

Spent (Actual cost) Spent (Actual cost) Contract

Allowance = AND IF

Value of improvements

divided by Factory building:

No of years taxpayer is entitled to use

property Also get S 13(1)

Calculated from date improvements are allowance on excess

COMPLETED (Ltd to 25 years) spent above

Apportioned for contractual amount

part of a year Lessee may choose s 11(g) OR s 13(1)