Lease incentives and taxation consequences

Article Abstract:

Lessors of commercial buildings are still offering long term leases. Lease incentives include free fit-outs and rent holidays. All transactions of this nature will be affected by the goods and services tax. The implications upon lease incentives will include no goods and services tax on free fit-outs.

Nonresidential building operators, Lessors of Nonresidential Bldgs, Lessors of Nonresidential Buildings (except Miniwarehouses), Laws, regulations and rules, Contracts, Real estate industry, Commercial leases, Commercial building landlords

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Budget 1999 and tax - most decisions put on 'hold'

Article Abstract:

The 1999 Australian budget did not address many taxation issues. The goods and services tax was only passed by the Senate and income tax measures will have to await completion. Tax laws passed on collective investment options and provided for additional deductions.

Tax Law, Public Finance Activities, Legislative Bodies, Budget, Economic policy

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