(2008-09)VOLUME23INLANDREVENUEBOARDOFREVIEWDECISIONSCaseNo.D20/08Propertytax–whetherexpensesshouldbedeductedfromrentincalculatingthenetassessablevalue–Sections5,5Band68(4)ofInlandRevenueOrdinance(‘IRO’).[DecisioninChinese]Panel:AnthonyHoYiuWah(chairman),KwongKokShiandKeithYeungKarHung.Dateofhearing:22February2008.Dateofdecision:18August2008.TheAppellantobjectedtothepropertytaxassessmentissuedbytheInlandRevenueDepartment(‘IRD’)fortheyearofassessment2005/06.TheAppellantclaimedthatthenetassessablevaluewasexcessiveinthetaxassessmentonthegroundthattheIRDdidnotdeductalltheexpensesfromtherentandobtainedthenetrent,whichshouldthenbeusedforcalculatingthenetassessablevalue.Held:Section5(1A)(b)(i)oftheIROprovidesthatratesareadeductibleitem;whereassection5(1A)(b)(ii)onlyallows,incalculatingthenetassessablevalueoftheproperty,deductionofastatutoryallowanceforrepairsandoutgoingsof20%oftheproperty’sassessablevalueafterdeductionofanyratespaidbytheowner.TheIROdoesnotallowotherdeductionsthanthestatutoryallowance.TheBoard’sDecisionsD17/02andD71/02bothpointedoutthattheenactmentofsection5(1A)hastakenintoaccounttheexpenseswhichtheownerwillhavetobearinleasinghisorherpropertyincludingrates,repairsandotherexpensessuchasmanagementfeesandair-conditioningcharges,whichiswhytheIROexpresslyprovidesastatutoryallowanceforrepairsandoutgoingstothepropertyowner.Regardlessoftheactualamountpaidbythepropertyowner,thestatutoryallowanceis20%oftherentalincomeafterdeductionofanyratespaidbytheowner.Appealdismissed.Casesreferredto:D17/02,IRBRD,vol17,480D71/02,IRBRD,vol17,943Taxpayerinperson.ChanWaiLinandWongKiFongfortheCommissionerofInlandRevenue.案件編號D20/08物業稅–計算應評税淨值時租金是否應減除開支–《稅務條例》第5條、5B條及第68(4)條委員會：何耀華（主席）、鄺覺仕及楊家雄聆訊日期：2008年2月22日裁決日期：2008年8月18日上訴人反對稅務局向他發出的2005/06課稅年度物業評稅。上訴人聲稱該評稅的應評稅淨值過高，理由是稅務局沒有從租金內減除一切開支而得出淨租金，然後才計算應評稅淨值。裁決：稅例第5(1A)條(b)(i)款訂明差餉是可獲扣除的項目。而第5(1A)條(b)(ii)款只容許在計算有關物業的應評稅淨值時，可從該物業的應評稅值減去由業主所繳付的差餉，再