15‑25 Amount received for lease obligati15‑25 Amount received for lease obligation to repair

#### 15‑25 Amount received for lease obligation to repair Your assessable income includes an amount you receive from an entity if: (a) you receive it as a lessor or former lessor of premises; and (b) the entity pays you the amount for failing to comply with a lease obligation to make repairs to the premises; and (c) the entity uses or has used the premises for the \*purpose of producing assessable income; and (d) the amount is not assessable as \*ordinary income under section 6‑5. > Note: The entity can deduct the amount: see section 25‑15.