SMSFs and rent relief due to COVID-19Butler, DanielFigot, BryceTaxation in Australia
as well as an ongoing stigmatisation of their vocation as an “impure occupation.” The imposition of lockdown aggravated their condition as they did not have enough savings to pay the rent, and return
COVID-19 is changing life as we know it – affecting the way we live, work and play. As the pandemic continues to impact commercial real estate, tenants are exploring the possibility of rent relief and deferral. When these discussions and requests arise, Cushman & Wakefield’s agency leasing...
For example, Airbnb website functioned continuously throughout the pandemic, but its users were not able to rent (out) properties in areas which had closed down because of the spread of the virus. Thus, even though the virtual connection between hosts and guests was still possible, the ...
Most of the migrant workers have a similar story; they were employed in a small unit, which shut down; some got their wages, some were just given enough money to reach home; the contractors and employers asked them to go back to their home, they were not able to pay the rent and ...
new substance rules recently imposed on certain financial centers by OECD and the EU also have become more challenging to follow in certain cases. Tax authorities in some jurisdictions have been approached for guidance, in a similar vein to approaches to statutory organs regarding regulatory relief....
Ottawa – Federal and provincial governments have agreed to extend a commercial rent relief program to help cover July costs for eligible small businesses,
As parts of England face localized spikes and people are told to self-isolate (who invented that phrase and can I slap them?), the government has noticed that people still needmoneywhen they can’t work. At least they do if they plan to pay the rent and put food on the table. If ...
Defensive consumption is palliative, that is, it provides temporary relief (defense) from the degradation of non-market resources, but does not address the problem. See the literature on human induced climate change, e.g., from the Intergovernmental Panel on Climate Change. See also three article...
During COVID-19, many of our clients have been asking about various rent relief structures and wondering how they can get short-term rent relief. Every landlord, tenant, and situation are different but amortized rent abatement might be a good strategy to help your company conserve cash in the...