Treatment of goodwill
This query is : Resolved
21 September 2009
The landlord made the tenant to vacate the premises, as the landlord wishes to develop the property. For vacating the premises, the tenant was paid compensation. As there is no written agreement, how to treat this amount. Can it be taken as goodwill as the tenant cannot do the business any more. Else will it be taken as compensation for vacating tenancy rights.
22 September 2009
i think the compensation is for surrendering the tenancy rights and it should be taken as that
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