For the following statement please indicate whether the statement is TRUE or FALSE and provide a short EXPLANATION for your answer. Include references to legislation, cases or rulings as appropriate to support your conclusion.

Due to COVID-19 and staff working from home, Brisbane City Lawyers (BCL), a large law firm is considering moving to a smaller office space in Brisbane City. The owner of a new high-rise building offers BCL $250,000 if BCL agrees to enter a lease for two floors of the building for 10 years. As BCLs business is providing legal advice to clients, the $250,000 will be a capital receipt and not ordinary income.