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17 Sep 2018
Hong Kong Taxation
Mr. Cheung holds the following four properties. Each propertyhas its own function.
1. Tsuen Wan property: It was let and derived rental income.
2. Wan Chai property: It was occupied as Mr Cheungâs office forhis sole proprietorship business.
3. Kowloon Tong property: It was Mr Cheungâs home, residentialplace.
4. Kowloon Bay property: It was vacant. No one stay or livethere.
Required: Advice Mr. Cheung the possible Hong Kong tax chargedon him for each of the properties, and also advise him whethermortgage interest on the properties isdeductible.
Hong Kong Taxation
Mr. Cheung holds the following four properties. Each propertyhas its own function.
1. Tsuen Wan property: It was let and derived rental income.
2. Wan Chai property: It was occupied as Mr Cheungâs office forhis sole proprietorship business.
3. Kowloon Tong property: It was Mr Cheungâs home, residentialplace.
4. Kowloon Bay property: It was vacant. No one stay or livethere.
Required: Advice Mr. Cheung the possible Hong Kong tax chargedon him for each of the properties, and also advise him whethermortgage interest on the properties isdeductible.
Trinidad TremblayLv2
20 Sep 2018
