Property Tax

Scope of Charge

Property tax is charged on the property owner who has derived rental income form leasing of properties situated in Hong Kong and is computed at the standard rate of 15% on the net assessable value of the property.

Assessment Period

From 1 April of each year to 31 March of the next year.

The Basis of Assessment

The net assessable value shall be the current year’s rental income (after deduction of rates paid by the owner), less an allowance of 20% for repairs and outgoing expenses. Any other expense than the foregoing cannot be deducted, except for irrecoverable rents, which can be deducted. Subsequently recovered rents shall be recognized as income in the year they are recovered.

A limited company, which owns properties to collect rents, is exempt from property tax and is subject only to profits tax.

[]
1 Step 1

We have more than 23 years of Professional Experience in Company Formation and Tax Advisory.Please let us know if you have any enquiry about this topic, our professional consultants will reply to you as soon as possible. *Required field

Enquiry
Name
Contact No
Question
0 /
Previous
Next
powered by FormCraft


  Email Us

   HongKong:+852 2143 9702

   Shenzhen:+86 755-2588 0434

[]
1 Step 1
Name
Message
0 /
Previous
Next
powered by FormCraft