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SuperCorp, Ltd, has been carrying on a trading business in Hong MegaCorp Ltd, incurred the following capital expenditures and sold machinery during the current year
SuperCorp, Ltd, has been carrying on a trading business in Hong MegaCorp Ltd, incurred the following capital expenditures and sold machinery during the current year as follows: Calculate Total Depreciation Allowances for the year Mr. Landlord owned a flat in Kowloon Tong. He Let it to Mr. Tenant for a one-year lease from 1 Apr 2020 to 31 Mar 2021 at a monthly rent of $30,000. Mr. Tenant also pays a monthly management fee to Mr. Landlord of $2,000 for cleaning services for the flat. Mr. Landlord paid the following during the 2020-2021 year: $50,000 in total interest for the year for a mortgage for the flat, $25,000 for repair costs for the year for the flat, $10,000 in total rates for the year for the flat. You are required to compute property tax payable for the 2020/21 year of assessment. List the following tax administration events in the correct order. (Ignore leapfrog provisions). First, Then, Then, Then, Then, Then, Then, Then, Then, Then, List the following tax administration events in the correct order. (Ignore leapfrog provisions). First, Thes Thes Thes Then, Then, Then, Then, Then, Then, From the perspective of a company that is solely focused on maximizing profits, which of the following aspects of Hong Kong taxation makes Hong Kong a less desirable place to do business? Relatively high stamp duty taxes on building purchases. Relatively low profits tax rates. No sales tax. No dividend tax. No capital gains tax. Relatively simple tax rules
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