Question asked:


Client is about to lease farm land to a renewable energy company on a 25 year lease. This is going to trigger the clawback of CAT and SD reliefs that were claimed by my client a couple of years ago. Approx €150k of tax relief clawback. As part of the agreement, the renewable energy company will indemnify client for any CAT & SD tax liabilities. Is the indemnity payment effectively a lease premium? or what is the correct treatment of indemnity payments for my client?

Marked as spam
Posted by (Questions: 12, Answers: 2)
Asked on 20 May 2020 5:57 pm