Page 10 - Taxation F6
P. 10
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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