Updated Interpretation Notes on leasehold improvements, lease premiums, and deductions for commercial buildings
The following updated Interpretation Notes were issued by SARS on 6 August 2023:
- Interpretation Note 110 (Issue 2) on leasehold improvements and requirements when claiming 11(g) deductions. Read IN 110 here.
- Interpretation Note 109 (Issue 2) – on the definition of lease premiums and the implication on the lessor and lessee. Read IN 109 here.
- Interpretation Note 107 (Issue 2) – Deductions in respect of commercial buildings according to requirements of section 13quinn. Read IN 107 here.
