Hi, for Type 1 reassessment, can i confirm that the Day 1 of the lease will be the day that the revised lease payments starts? For example, if a 60 year lease has a change in lease payment amounts in year 8, when doing the reassessment, the computation is based on the remaining 52years left on the lease?
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Hi, for Type 1 reassessment, can i confirm that the Day 1 of the lease will be the day that the revised lease payments starts?
For example,
if a 60 year lease has a change in lease payment amounts in year 8, when doing the reassessment, the computation is based on the remaining 52years left on the lease?