Samara White is a non resident having dual capacity as director and consultant of the Hong Kong subsidiary of a Swedish company.His employment is foreign, and he visits Hong Kong occasionally to discharge his responsibilities as director and consultant.What should be done in order to have his remuneration be paid in a tax efficient manner?

Select one:

a.His tax position will not change as his income will be fully chargeable.

b.He should draw more salaries than director's fee.

c.He should be exempt from salaries tax.

d.He should draw more director's fee than salaries.

Mr. Choy resigned from Burns Ltd on 28 February 2021 after working there for eight years.On 1 May 2021, he received a bonus of $18,000 in respect of Burns Ltd's financial result for the year ended 30 November 2020.The date of accrual of the bonus to Mr. Choy is:

Select one:

a.28 February 2021

b.31 March 2021

c.1 May 2021

d.30 November 2020

Which of the following is correct if the amount of irrecoverable rent exceeds the assessable value in any year of assessment for property tax purposes?

Select one:

a.The excess can be carried forward and deducted from the assessable value in the future year of assessment

b.The excess can only be deducted in the year of assessment where the irrecoverable rent is subsequently recovered.

c.The excess cannot be deducted in any year of assessment.

d.

The excess can be carried back and deducted from the assessable value in the previous year of assessment.

A farmer in Yuen Long came to seek your advice because he recently received a property tax assessment for the pier near his farm which he owns.He was very furious as he considers that the pier should not be chargeable as it is for public convenience.He only charges a nominal fee for the use of the pier.What is your advice?

Select one:

a.Property tax should not be charged because it is a private property.

b.Property tax should not be charged because the pier is located near a farm.

c.Property tax is chargeable because operating the pier is a commercial activity.

d.Property tax is chargeable because the pier falls into the definition of land and buildings.

Identify which of the following received by the landlord of a property situated in Hong Kong is NOT chargeable to property tax?

Select one:

a.Share of the repair expenses as agreed to be paid by the tenant to the landlord.The damage was caused by the tenant.

b.Nonrefundable deposit paid by the tenant upon commencement of the tenancy agreement.

c.Irrecoverable rent received from a former tenant.The rent owed was deducted as irrecoverable rent in the previous year of assessment.

d.Consideration for the right of use of furniture provided by the landlord.