X Ltd carries on a business in Hong Kong (HK) since 2011.3 years ago, X...
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X Ltd carries on a business in Hong Kong HK since years ago, X Ltd let a flat in Wanchai HK to Mr Chan for years years ago, X Ltd sold the right to receive rent for year to Y Ltd whichcarries on a business in HK and received $AYesterday, X Ltd sold the flat in Wanchai HK with the sitting tenant andreceived $B Is $A taxable for profits tax purposes? Is profit on disposal ie $B cost of flat in Wanchai HK taxable forprofits tax purposes?
X Ltd carries on a business in Hong Kong HK since years ago, X Ltd let a flat in Wanchai HK to Mr Chan for years years ago, X Ltd sold the right to receive rent for year to Y Ltd whichcarries on a business in HK and received $AYesterday, X Ltd sold the flat in Wanchai HK with the sitting tenant andreceived $B Is $A taxable for profits tax purposes? Is profit on disposal ie $B cost of flat in Wanchai HK taxable forprofits tax purposes?
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