A client granted a lease of 25 years of which there are now 8 years remaining. The tenant wants to pay a sum now in order to severe/surrender the lease.
What are the tax implications of for the landlord?
Lease Surrender
A client granted a lease of 25 years of which there are now 8 years remaining. The tenant wants to pay a sum now in order to severe/surrender the lease.
What are the tax implications of for the landlord?