Immigration To Hong Kong ISBN: 978-1-4357-4462-2 Copyright: © 2008 Standard Copyright License Language: English Country: United States Buy Now Paper Back $29.95 e-Book $15.00

Immigraion To Hong Kong

THE CLIMATE GETTING HERE ENTRY REQUIREMENTS TEMPORARY VISITORS OBTAINING APPROVAL TO RESIDE AND WORK OR INVEST IN HONG KONG EMPLOYMENT VISA INVESTMENT VISA DEPENDANT RESIDENCE HONG KONG IDENTY CARD TAXATION DEDUCTION AND ALLOWANCES PAYING YOUR DUES SETTING UP BUSINESS IN HONG KONG BUSINESS REGISTRATION Immigration   Business   Health and Fitness

DEDUCTION AND ALLOWANCES

Tax deductions are permitted in respect of (1) all outgoings
and expenses (other than capital expenditure and those of a
private or domestic nature) wholly, exclusively and
necessarily incurred in the production of assessable income;
(2) depreciation and other capital allowances in respect of
plant and machinery, the use of which is essential to the
production of assessable income; (3) losses brought forward
from previous years of assessment; (4) home loan interest
paid; (5) self- education costs: and (6) elderly residential care costs. On the corporate front, substantial depreciation allowances are available, as are tax deductions against
borrowed funds and repairs to plant and machinery used in
the generation of profit. Losses can be carried forward to be
set- off against future profits, and corporations engaging in
more than one commercial activity may have losses incurred
in one activity offset against profit generated by another.
Allowances are also available in respect of capital
expenditure on the construction of industrial and commercial
buildings for the purpose of generating chargeable profits.