Hong Kong: Real Estate

The OECD announced in December that 26 countries and jurisdictions had agreed to implement a new international framework for the automatic exchange of information on overseas real estate, marking a significant expansion of automatic reporting beyond financial accounts and crypto assets to immovable property holdings.

Passed on December 18, 2024, the Inland Revenue (Amendment) (Tax Deductions for Leased Premises Reinstatement and Allowance for Buildings and Structures) Bill 2024 ("Lease Reinstatement Costs Bill") amends the Inland Revenue Ordinance ("IRO") to permit tenants of leased premises...

The Inland Revenue Ordinance ("IRO") generally prohibits any deduction in respect of any expenditure of a capital nature for the purpose of computing assessable profits. As a result, the costs of acquiring land upon which a commercial or industrial building is erected is non-deductible.

Hong Kong, with its strategic position in Asia, is a beacon of opportunity for UK and European small and medium-sized enterprises (SMEs), which can enjoy the same rights and privileges as their local counterparts ...

The purpose of this article is to compare some of the most popular immigration by investment programs within the European Union (EU).

With general purpose leases of about 2,400 lots expiring from June 2025 to 29 June 2047and about 300,000 lots expiring concurrently on 30 June 20471 the Hong Kong SAR...

With Hong Kong's dense population, dwindling living space, soaring residential and office costs and the expansion of online retailing, demand for mini-storage facilities is poised to increase drastically.

Real Estate Investment Trusts, commonly known as REITs, are closed-ended retail funds that invest primarily in real estate and seek to provide returns to investors in the form of dividends.

Data centres have moved from being an "alternative" real estate asset class to the mainstream in recent years. With the advent of 5G and continued digitisation of work and home life...