Agency agreements, cancellation

Assignment of future rents

Cancellation of agreement, payment for

Cancellation or variation of contracts

Capital receipts treated as income receipts

Compensation

Early termination of contract

Generally

Negligence

Compensation and damages

Consideration for use or exploitation of assets

Contributions towards operating costs of business

Distinction

Exclusive distribution agreement with life insurance provider, lump sum for entering into

Fact or law

Farming and market gardening

Finance leases

Franchise agreements

Generally

Government grant for maintaining employment

Inducement to take lease

Know-how disposals

– see Know-how

Licence agreement to dump subsoil

Lump sums in return for sale of income stream

Malaysia

Sale of hotel

Sale of timber

Meaning

Not to be treated as trade receipts

Profit sharing schemes

Property income

Restrictive covenants

Revenue receipts, distinction

Sterilisation of assets

Undertaking to change nature of trade