The Company made the land rental contract with ZA co., ltd.(lessee), and the Company accepted the lessee to demolish the buildings of lessor which the lessee will pay this demolishing expense by themselves, the Company should recognize this expense to be the company’s income or not?

Panwa: Please note that it should consider the condition and purpose of contract, if it specifies that the Company should deliver the empty land to a lessee, the Company should include the demolishing expense (it was paid by lessee) as the rental income also.

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For more information, please feel free to contact us:
Phone: +66 2 933 9000
Fax: +66 2 933 6120


For more information, please feel free to contact us:

Office: +66 2 933 9000
Whats'App: +66 8 5713 1000

Sky train: Yellow Line, Chokchai 4 Station, Gate 4. Our office is located between Soi Latphrao 50 and 52.

Address: 1560 Latphrao Road, Wangthonglang, Bangkok 10310, Thailand.