Commercial rent or lease payment changes

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The ATO has recently updated its web content in relation to changes to commercial rent or lease payments for both tenants and landlords. For more information go to  www.ato.gov.au/COVIDleasechange

Two factsheets have also been created as an easy-to-share summary version of the web content, attached for your information.

Landlord fact sheet:

  • This information will help you understand the tax implications if you are a landlord of a commercial property and you give a rent waiver or deferral, including bankruptcy and insolvency rent variations.

Tenant fact sheet:

  •  This information will help you understand the tax implications if your business is a commercial tenant, and you receive a rent payment waiver or deferral, including from bankruptcy and insolvency arrangements.

Varying commercial rent – Landlords

Varying commercial rent – Tenants