2023-08-14Hong Kong Property Tax Introduction
1.
Rates agreed to be paid and paid by the property owner;
2.
Amount of rent confirmed to be irrecoverable during the year of assessment (sums so deducted as irrecoverable rent and later recovered should be included in arriving at the assessable value in the year of recovery);
3.
A 20% notional allowance automatically granted for repair and outgoings. This is a flat rate deduction irrespective of the actual amount spent and is to be given after deduction of rates and irrecoverable consideration.
- https://www.ird.gov.hk/eng/pdf/pam54e.pdf
- https://www.gov.hk/en/residents/taxes/property/propertycompute.htm
- https://www.gov.hk/en/residents/taxes/property/propertyincome.htm
- https://www.gov.hk/en/residents/taxes/property/deduction/statutory.htm
- https://www.ird.gov.hk/eng/tax/ind_ppt.htm