How do mainlanders pay property tax in Hong Kong?

Hong Kong property tax is a tax levied on the rental income of owners' properties (land and buildings). A limited company rents out the property it owns, and the income from it can be exempted from property tax, but only needs to pay profits tax.

The tax basis of property tax is the net assessable value, that is, the balance after deducting the rates paid by the owners and the 20% maintenance expense allowance. If the house rent cannot be recovered, it can be deducted, but the rent recovered later must be taxed in the recovery year.

Standard tax rate

The property tax is based on the net taxable value and calculated at the standard tax rate of 15%.

tax year

From April 1 to March 3 1.

Basis of tax assessment

The taxable value of the property tax is determined according to the price paid in exchange for the right to use the property. Including:

Total rent received or receivable;

License fee for the right to use the building;

One-time payment;

Service fees and management fees paid to the owner;

Repair fees paid by residents, etc.