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Frequently Asked Questions Regarding the Recently Imposed Special Stamp Duty in Hong Kong 1 When will the proposed SSD be effective? 2 Under what circumstances, will SSD be pay...
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Stamp Duty on Transfer of Shares / Capital Duty on Increase of Capital of a Hong Kong Company Stamp Duty on Transfer of Shares of a Hong Kong Company The transfer of shares in a ...
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Hong Kong Property Tax Introduction The Scope of the Charge Property Tax is charged on the owners for letting land and/or buildings in Hong Kong and is computed at the standard r...
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Characteristics of Hong Kong Property Tax and Rates on Property Hong Kong property tax is levied annually on the owner(s). If the property is owned by two or more persons, tax ass...
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Scope of Charge to Hong Kong Property Tax Section 5 of the Hong Kong Inland Revenue Ordinance (“IRO”) levies property tax on the property owner in respect of the rental income o...
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Types of Property Tax Return Property held by an individual If you are the individual sole property owner, you should report your rental income in your Tax Return – Individuals....
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Illustration of Computation of Property Tax and Application for Holdover of Provisional Property Tax 1. Illustration of Computation of Property Tax Example: Rental income for 1...
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A Checklist for Reduction of Property Tax 1. Apart from rental income, do you earn assessable salaries income and/or business income? If yes, you may reduce your tax by electing ...
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Properties for Owner’s Business Use If the income from property chargeable to Property Tax is included in the taxpayer’s assessable profits for Profits Tax purposes (e.g. rental...
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Tax on Profits from Sale of Property in Hong Kong Hong Kong does not have capital gain tax and under usual circumstances, gains from disposal of property are not subject to tax. ...
