lump-sum premium received at the start of the lease
period can be spread throughout the lease
period up to a maximum of 36 months if the owner makes such
(i.e. bad debt)
deductible from the rental
“rates paid by
the owner” does not include government rent. In other words, the government
rent levied in the rates bill is not deductible. To
claim the rates deduction, it is advisable for the property owner to keep all
the rates bill.
Where the tenant
pays management fee through the landlord and such fee is not included as rent
under the lease, the fee
is not assessable.
If the lease makes no provision for payment of management fee and
the rent payable to the landlord includes the management fee, then
the rent comprising the management fee will be assessable in full, and
the management fee paid by the landlord will not be deductible. So,
it is advisable for the landlord to have the lease stipulating the rent
only and the management fee to be borne by the tenant.