Compensation payments to be free of tax

Compensation payments to be free of tax - 1996 - Herald 13 September 1996, 28(1) .

A new ruling allows the compensation payment to a tenant by a landlord for the landlord`s early resumption of the property to be paid free of capital gains tax.


PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
CAPITAL GAINS TAX
COMPENSATION
INLAND REVENUE
LANDLORDS
OUTGOING TENANTS
SURRENDER AGREEMENTS
SURRENDER OF TENANCY
TENANTS