The following amounts are to be charged to tax as rental income—
(a) the gross rental payable by the lessee, tenant or occupier of any property;
(b) any premium or other consideration, however described, payable for the right of use or occupancy of any property;
(c) the value of any improvements which under a lease agreement, the lessee has effected to property for the benefit of the lessor over a period not exceeding 5 years as the Comptroller may determine.
Division 2—Deductions allowable in ascertaining assessable income