Parties often enter into leases of vacant commercial or industrial land, subject to payment of a ‘lease premium’ by the lessee to the lessor. David Warneke, tax partner at Cameron & Prentice, explains the tax considerations of such arrangements.

Lessees often enter into leases of vacant commercial or industrial land and erect buildings on the land. Tax Partner at Cameron & Prentice Chartered Accountants, David Warneke, explains the tax effects of these agreements

Tax Partner at Cameron & Prentice, David Warneke, explains CGT and how to calculate it for yourself