Often when something sounds too good to be true, it is exactly that
A lease incentives case study
A professional services firm was offered a substantial lease incentive in relation to their new fitout. The firm was questioning whether accepting these incentives was the right strategy and whether it would have adverse tax consequences.
Approaching our Tax Consulting team, we quickly identified a tax exposure from the suggested arrangement and provided a couple of alternatives to ensure that the lease incentive was not taxable to the professional services firm. Our timeliness enabled the client to complete their fitout without delay.