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Rates and Government Rent Calculator. This calculator can estimate the amount of rates and/or Government rent assessed respectively under the Rating Ordinance (Cap. 116) and the Government Rent (Assessment and Collection) Ordinance (Cap. 515) payable for the latest 3 years of assessment.
Quickly calculate 2024-2025 Hong Kong property rates and rent with our easy-to-use, accurate, and free calculator. Save time and avoid mistakes today!
To facilitate your payment of the outstanding rates and/or Government rent, you may check the balance of a specific account by using the Account Enquiry service. Account Enquiry. Alternatively, please call RVD’s 24-hour Automated Telephone Enquiry Service 2152 2152.
How Much Property Tax Should be Paid. The following examples show how property tax are computed: Example 1: How to compute the net assessable value (NAV) and the amount of tax. For the year of assessment 2023/24, rent was $10,000 per month and the tenant paid rates. Assessment for 2023/24 (Final) and 2024/25 (Provisional)
Please use the “Rates and Government Rent Calculator” on the Department’s website to estimate the amount of rates and Government rent payable. Liability for Assessment Generally, properties in all parts of Hong Kong are liable to be assessed to rates under the Rating Ordinance (Cap. 116) .
Property Tax is payable by the owner(s) at the standard rate by the year of assessment on “net assessable value” (NAV). Where the owner receives only rent and no other benefit, the annual rent is the “assessable value” (AV). Rent receivable (due but not yet received) should be included in the AV.
15 lis 2023 · How are they calculated? And when you rent out your property, who should pay these fees – you or the tenant? This article breaks down everything into 12 key points to give you a full understanding of Hong Kong's rates and government rent. 1. What are Rates? Rates are taxes collected by the Hong Kong government on property.
