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Is rent lump-sum premium income taxable?

Taxpayers operating renting or buying and selling properties may transfer unterminated leases from old tenants to new tenants, and the tenants may pay the taxpayers a lump-sum premium. The top-of-the-line lease fee is actually operational and is subject to profits tax. However, according to accounting standards, the top-of-the-line fee must be apportioned according to the … Read more

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