Home   Knowledge  Hong Kong  Hong Kong Taxation  Property Tax   Properties for Owner’s Business Use 

KNOWLEDGE

SHARE

Properties for Owner’s Business Use

【Font:L M S

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 income is received from a trade/business). You can apply for an exemption of Property Tax under section 5(2)(a) of the Inland Revenue Ordinance (“IRO”) on the ground that the income will be assessed under Profit Tax. You may make application in writing for exemption from paying the Property Tax.

Or if the property owned by the taxpayer is occupied by him/her for the purposes of producing profits chargeable to Profits tax, the amount of Property Tax paid may be deducted from the amount of Profits Tax assessed for the same year under section 25 of the IRO. You may also make application in writing for such set-off.

Source:Hong Kong Inland Revenue Department’s website
- https://www.ird.gov.hk/eng/tax/ind_ppt.htm#a08
- https://www.ird.gov.hk/eng/pdf/dipn14.pdf

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:

Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ WeChat: +852 5616 4140
Skype: kaizencpa

Language

繁體中文

简体中文

日本語

close