Wong had salaries tax payable for year of assessment 2022/23. Wong entered into a qualifying tenancy in respect of a residential flat with a monthly rent of $20,000 for the period from 1 July 2021 to 30 June 2023.
They lived in the flat and paid total rent of $240,000 (i.e. They entered into a qualifying tenancy in respect of a residential flat with a monthly rent of $20,000 for the period from 1 July 2021 to 30 June 2023. $7,000 x 3 months + $9,000 x 6 months).ĭeduction allowable for the year of assessment 2022/23 For the year of assessment 2022/23, the total amount of rent paid by Mr. Cheung then entered into a qualifying tenancy (T2) in respect of another residential flat with a monthly rent of $9,000 for the period from 1 October 2022 to 30 September 2024 and lived in the flat accordingly. He lived in the flat until 30 June 2022 and moved back to his parents’ home. Cheung entered into a qualifying tenancy (T1) in respect of a residential flat with a monthly rent of $7,000 for the period from 1 July 2020 to 30 June 2022. Lee has lived in another residential flat acquired by him. $20,000 x 6 months) for the year of assessment 2022/23. He lived in the flat and paid total rent of $120,000 (i.e. Lee entered into a qualifying tenancy in respect of a residential flat with a monthly rent of $20,000 for the period from 1 October 2020 to 30 September 2022. $20,000 x 12 months) for the year of assessment 2022/23.ĭeduction allowable for the year of assessment 2022/23 Rent paid under tenancy He lived in the flat and paid total rent of $240,000 (i.e. Chan entered into a qualifying tenancy in respect of a residential flat with a monthly rent of $20,000 for the period from 1 July 2021 to 30 June 2023. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest.Contractual period of each tenancy in the year of assessmentĬlaimant(s) married in the year of assessment There are no guarantees that working with an adviser will yield positive returns.
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