A firm of accountants, wishing to move into new premises, is induced to lease the top six floors of a new building erected by a developer. The developer is keen on the accountants moving in because their "name" will add to the prestige of the building and will help to attract other tenants. In return for agreeing to move in, the firm of accountants may be given either:

a lump sum of $250,000 to be shared between the partners

a rent-free period of nine months, or

a free fit-out of all furniture, etc.

a payment to each partner and his or her family to have a ten-day holiday in Bali (however, if a partner is unable to take the holiday at the time it is offered, no alternative is offered).

Discuss the tax implications of these alternatives for the firm of accountants in Australia.