Is rent tax deductible in Hong Kong

Posted by ddwk (218 days ago)

Dear fellow Expat,

I am paying $13000/month for the rent in the midlevel area. I wanted to ask if this amount is tax deductible for my salary tax. My monnthly rent is over 10% of my totally salary

thx

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Posted by evildeeds (218 days ago)

If you are paying from your own salary, no.

Posted by ddwk (218 days ago)

Dear evildeeds,

thanks for the reply, the company has gave me an non-accountable case allowance for $12000 for the rent and the rental agreement is stamp. so still not deductible for my salary ??

Posted by evildeeds (218 days ago)

If you are provided with a housing allowance then the housing allowance itself is not subject to tax. But rental paid is not deductible.

Posted by GisaJob (218 days ago)

The response post isnt quite correct - my company asks for my rental receipts (as paid by myself direct to my landlord) and this is offset against my year end taxable income

So yes, you can claim tax paid by yourself via your employer

Posted by evildeeds (217 days ago)

Gisajob, it must be written into your working contract and it's the amount paid for housing that is not taxed, not the whole amount reimbursed by IRD.

Posted by GisaJob (217 days ago)

No, its not part of my contract. I would suggest contact an qualified accountant if you need details - this is administered by ernst & young for my employer

Posted by ddwk (217 days ago)

Dear evildeeds, and GisaJob

thank you for the reply, I had ask my company they told me that the contact stated that the amount of money $12000 paid is for housing but not clearly stated as housing allowance, it is stated under Non-accountable cash allowance which is taxible I think ?? so by all means that I pay tax for the the money given as "housing benefit" and cannot get any reduction by presenting rental contract and receipt???