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Profits Tax -
Industrial building allowance
Section 18(F) of Inland Revenue Ordinance grants allowances for
expenditure incurred on industrial building used for a qualifying trade.
Press
here
for definition of
a qualifying trade under Section 40 of Inland Revenue Ordinance.
There
are two kinds of allowances: (a) initial allowance for initial expenditure
and (b) annual allowance for residue of expenditure.
Press
the following to proceed:
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