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When a Lease Becomes Rent – TAT Redefines the Boundaries Between Business and Rent Income

by Joshua Kato, A Chartered Tax advisor & Accountant

The email from the Uganda Revenue Authority landed like a thunderclap: “Notice of assessment forundeclared rental income.” For the management of Lake Victoria Hotel Limited, those words carried aweight no hospitality executive wants to hear. They had just …

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Finance

When a Lease Becomes Rent – TAT Redefines the Boundaries Between Business and Rent Income

by Joshua Kato, A Chartered Tax advisor & Accountant

The email from the Uganda Revenue Authority landed like a thunderclap: “Notice of assessment forundeclared rental income.” For the management of Lake Victoria Hotel Limited, those words carried …

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When a Lease Becomes Rent – TAT Redefines the Boundaries Between Business and Rent Income

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