Dilapidation Receipts – Income or Capital?
Some tenants treat the residential property they rent with great care. Unfortunately, others do not, and the landlord may receive dilapidation payments from the tenant to enable the landlord to restore the property to its former condition at the end of a tenancy. The question arises whether such a dilapidation payment should be treated as […]
Dilapidation Receipts – Income or Capital?
Some tenants treat the residential property they rent with great care. Unfortunately, others do not, and the landlord may receive dilapidation payments from the tenant to enable the landlord to restore the property to its former condition at the end of a tenancy. The question arises whether such a dilapidation payment should be treated as […]