- This topic has 3 replies, 2 voices, and was last updated 8 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Hello sir.
As i understood, the premium allowed for deduction from trading profits is deducted from trading profits of the tenant not the landlord right? and its per annum
The landlord is assessed on the income element of the premium RECEIVED and the tenant who is the trader is allowed an annual trading profit deduction in relation to the premium PAID. The annual amount allowable to the trader however is based on the assessable income element of the premium received by the landlord divided by the number of years of the lease.
so they are both the same figures right? amount assessed on income statement of landlord and allowable deduction from tenants income?
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.