Property Council has just filed a submission to Inland Revenue commenting on its issues paper on the taxation of lease
inducement payments.
If this if of interest to you, please find our submission attached. Key points raised include:
• The date for application of this policy should not be historical
• Eligibility for deductions should be calculated fairly
• Deductions should be immediate, not spread over a period of time
• A wider scope for the review by IRD is needed