🏠 Thinking of Selling Your Property? Don’t Let Unexpected Taxes Catch You Off Guard! 💰
Did you know that selling real estate can lead to hefty tax implications? According to the Inland Revenue Ordinance, persons, including corporations, partnerships, trustees and bodies of persons carrying on any trade, profession or business in Hong Kong are chargeable to tax on all profits (excluding profits arising from the sale of capital assets) arising in or derived from Hong Kong from such trade, profession or business.
