Page 20 - F6 Slide - Taxation - Lecture Day 2 Class
P. 20

Special Inclusions








          • Lease Premiums


          • Received by a lessor from a lessee in addition to rent.


          • Lessor and lessee relation must exist.

          • It is a payment from the lessee to the lessor for the right of

               use of lessors property.


          • The payment can be in cash or other wise but should have

               a monetary value.


          • Example = If a lessor agrees to rent his machinery to the

               lessee for a lump sum of 200 000 in addition to the rent of

               30 000. Answer  = The 200 000 = Lump sum = GI.


          • How about a sub lessor(Principal lessee) to a sub lessee?








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