Show download pdf controls
  • Leases

    Acquisition of a lease

    The acquisition of a lease with a market value of $750,000 or more from a foreign resident lessor would be subject to the 12.5% withholding.

    Withhold amount if paying a premium for the lease

    Withholding is only required if the market value of the lease is $750,000 or more. If a lessee has paid a premium for a lease, that premium is part of the first element of the cost base of the leased asset upon which the 12.5% withholding applies.

    Rent and outgoings

    Rent and outgoings are not included in determining the $750,000 market value and do not form part of the first element of the cost base, of a lease.

      Last modified: 01 Mar 2021QC 48972