Please finish Question 2 all parts. On 1 April 2018, Mr Lee acquired...
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Please finish Question all parts. On April Mr Lee acquired a residential property in Shatin Property On June Mr Lee leased the Property to Ms Cheung based on a written lease agreement with the following terms: table Term of lease, years from July Monthly rent,HK $ payable in advance at the beginning of each month,Refundable deposit,HK $ payable on July Rates,HK $ per quarter after rates concession, if any payable by Mr LeeManagement fees,HK $ per month payable by Mr Lee Ms Cheung failed to pay rent starting from December and Mr Lee subsequently discovered that Ms Cheung had left Hong Kong on May Mr Lee forfeited the deposit placed by Ms Cheung. Mr Lee spent HK $ to decorate the Property after Ms Cheung had moved out of the Property. On August Mr Lee leased the Property to Ms Wong based on a written lease agreement with the following terms: table Term of lease, years from September Monthly rent,HK $ payable in advance at the beginning of each monthRentfree period, month from September Premium,HK $ payable on September Refundable deposit,HK $ payable on September Rates,HK $ per quarter after rates concession, if any payable by tenantManagement fees,HK $ per month payable by Mr Lee On December Mr Lee received a cheque in the amount of $ from Ms Cheung. Required: a Compute the property tax payable by Mr Lee for the years of assessment and Ignore provisional tax. marks b In respect of the lease of the Property by Mr Lee to Ms Wong, identify the documents to be stamped under the Stamp Duty Ordinance, and compute the amount of stamp duty payable if any marks
Please finish Question all parts.
On April Mr Lee acquired a residential property in Shatin Property On June Mr Lee leased the Property to Ms Cheung based on a written lease agreement with the following terms:
table Term of lease, years from July Monthly rent,HK $ payable in advance at the beginning of each month,Refundable deposit,HK $ payable on July Rates,HK $ per quarter after rates concession, if any payable by Mr LeeManagement fees,HK $ per month payable by Mr Lee
Ms Cheung failed to pay rent starting from December and Mr Lee subsequently discovered that Ms Cheung had left Hong Kong on May Mr Lee forfeited the deposit placed by Ms Cheung.
Mr Lee spent HK $ to decorate the Property after Ms Cheung had moved out of the Property.
On August Mr Lee leased the Property to Ms Wong based on a written lease agreement with the following terms:
table Term of lease, years from September Monthly rent,HK $ payable in advance at the beginning of each monthRentfree period, month from September Premium,HK $ payable on September Refundable deposit,HK $ payable on September Rates,HK $ per quarter after rates concession, if any payable by tenantManagement fees,HK $ per month payable by Mr Lee
On December Mr Lee received a cheque in the amount of $ from Ms Cheung.
Required:
a Compute the property tax payable by Mr Lee for the years of assessment and Ignore provisional tax.
marks
b In respect of the lease of the Property by Mr Lee to Ms Wong, identify the documents to be stamped under the Stamp Duty Ordinance, and compute the amount of stamp duty payable if any
marks
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