Tax Deduction | South China Morning Post
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  • Mar 29, 2015
  • Updated: 9:07am

Tax Deduction

Deloitte wants tax breaks for homeowners and renters

Deloitte partner Yvonne Law Shing Mo-han

Homeowners who have lived in a flat for more than three years should have part of their stamp duty refunded, while tenants should be able to claim rent as a tax deduction, a global accounting firm has proposed.

Wednesday, 7 November, 2012, 4:30am

Extension of loan interest scheme eases mortgage burden

Civil servant Jerry Lee is relieved home loan interest will be tax-deductible for an additional two years.

After suffering a tax rise in the last budget, and a salary cut, and seeing the property market shrink, Mr Lee said the measure was more than just a gesture to ease his financial burden.

11 Mar 2004 - 12:00am

New forms out for tax deduction

Taxpayers will receive new forms from today which will allow them to deduct home-loan payments and elderly residential-care expenses from their taxable income.

Commissioner for Inland Revenue Wong Ho-sang said the department had met the Association of Banks to discuss the possibility of a uniform receipt for the easy assessment of loan repayments.

4 May 1999 - 12:00am

Sandwich class gets special serving

MIDDLE-INCOME earners will have their monthly bills slashed because of the combination of rate freezes, lower taxes and deductions announced in the Budget.

For many, particularly those who opt for the mortgage interest relief scheme, the Budget concessions could mean they drop out of the tax net.

22 Feb 1998 - 12:00am

Shoe-shining police seek help

Police want higher tax deductions to cover the cost of shining their shoes and keeping their uniforms smartly pressed.

Officers estimate they each spend about $6,000 a year on laundry and polishing shoes and belts and want to be able to include this in their tax returns.

10 Dec 1997 - 12:00am

IRD stands firm on tax dodge deal terms

Negotiations between the Inland Revenue Department (IRD) and the insurance industry over the 'voluntary disclosure' scheme have reached an impasse.

The two could not agree on numbers.

Yesterday's meeting was attended by the Life Underwriters Association and the General Agents and Managers Association.

31 Jul 1996 - 12:00am

Hard-pressed police taking Government to the cleaners

Police officers want the Government to be responsible for laundering their uniforms or allow them to do the washing during duty hours.

Staff associations say it is unfair that officers have to pay about $4,800 a year to have their uniforms, shoes and caps laundered, ironed and polished at police stations.

1 Jul 1996 - 12:00am

Move to end tax deduction trounced in Legco

Controversial legislation proposing the abolition of tax deductions on company cars has been rejected by a Legislative Council committee.

Legco's Bills Committee almost unanimously rejected the proposed legislation at a meeting late last month - leaving plans to eliminate corporate car deductions in grave doubt.

25 Jun 1996 - 12:00am

Wharf loses $56m tax case

WHARF Properties has lost its appeal against a High Court ruling, which ordered it to pay an extra $56 million in profits tax.

The charge was brought following the purchase and redevelopment of the Times Square shopping and office complex in Causeway Bay.

14 Dec 1995 - 12:00am