NALI for no rent relief has ‘no sound basis’
A law firm argues that there is no sound basis for arguing that the net rent payable under that lease should be taxed as non-arm’s length income if a related-party tenant does not initiate any rent relief request.
Such a situation would be no different if the rent established at the commencement of a lease is set to align with the prevailing market rental and several years later the market value of rent for those premises in that location increases substantially, according to Daniel Butler and Bryce Figot of DBA Lawyers.
Read more at SMSF Adviser.
