| Part
3 |
Property
Tax |
| |
Only report details of properties which you were
the SOLE OWNER, as registered in the |
| |
Land Registry, and were LET during the year in this part. |
| |
Do not report rental income from properties jointly owned or co-owned by you here. |
| |
Separate Property Tax Returns will be issued
in respect of the jointly owned or co-owned |
| |
properties. If you have not received a Property
Tax Return for any let property that is jointly |
| |
owned or co-owned by you, please fill in Form IR6129 or inform this Department in writing. |
| |
The property location should be the full address
as registered in the Land Registry. |
| |
The rental income should be the gross rental
income for the whole letting period in the |
| |
year, not monthly rental. [ item (3) of paper return ] |
| |
Apart from rates paid by you and irrecoverable rent, you are not entitled to any further |
| |
deductions such as Government rent, management fee, renovation or refurbishment |
| |
expenses and utilities
charges, etc. A statutory allowance for repairs and outgoings at 20% |
| |
of the assessable
value will be automatically granted in the assessment. [ item (4) of paper
return ] |
 |
If you complete paper
return and you had more than two SOLELY-OWNED
properties |
| |
let during the year, supply details of other
properties in the same format on a separate |
| |
sheet. Then enter the TOTAL no. of properties
let, amount of the rates paid by you |
| |
and irrecoverable rent and gross rental income after deductions
of all properties let in boxes 
, 
and  respectively. For Internet
Filing, you may report up to three properties and supply details of other properties in the 'Supplementary Information on Tax Return' text box. |
| |
In case you are the executor of the estate
of a deceased SOLE OWNER of properties, |
| |
you should declare income from the properties
owned by the deceased in the return |
| |
issued to you in the capacity of the
executor of the estate of the deceased owner, |
| |
not in your own return. |
| Attention: Election for Personal Assessment may
reduce your tax liability. |
|
Back
to main menu |
