How is Property Tax Assessed on Non-Residents?

Some Hong Kong residents moved to overseas and some foreigners left their purchased properties to let after they had left Hong Kong. How would their rental income be assessed in Hong Kong?

Some of you may answer, ‘Isn’t it assessed as property tax?’ Your answer is correct but the question is: whether rental income can be deduced against their personal tax allowances in the tax assessment.

Hong Kong residents are entitled to their basic allowances and other allowances so far as they permanently stay in Hong Kong. However, for those Hong Kong residents moving overseas or foreigners left Hong Kong, they may not be considered as permanently residing in Hong Kong. That is why the taxpayers should count the number of days they reside in Hong Kong in every financial year to determine whether they can be considered as long-term residing in Hong Kong. If their staying period is long enough to fulfil the current law requirements, they are entitled to use their personal tax allowances to offset their property incomes.