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Example 5: Lease Premiums on grant of short lease

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  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Tax Tutor.
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  • November 10, 2019 at 6:00 am #551929
    fatimaumar
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    Hi. The annual rent was due on 1 July 2018. Why is this not prorated according to the number of months within the tax year?

    November 11, 2019 at 11:14 am #552024
    Tax Tutor
    Keymaster
    • Topics: 2
    • Replies: 3461
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    The basis of assessment is actual cash received – NOT accrued.

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