Raymond Yeung Tax Consultant * former IRD Assessor

飛鴻稅務顧問 * 前稅務局評稅主任楊輝洪

恆生銀行 Hang Seng Bank Account  385 599279 883

yeungfhr@yahoo.com.hk * Tel/WhatsApp 94735846  

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Industrial Building Allowance

Qualifying trade

Section 40 defines an industrial building by reference to the trade, undertaking or business for which it is used.  

A number of trades are specified under various headings. Of these heading, the most frequently encountered are: subsection (a): the buildings are for a trade carried on a mill, factory or other similar premises; and subsection (c): the buildings for a trade which consists of the manufacture of goods or materials, or the subjection of goods or materials to any process. 

Besides, subsection (d) concerns a trade of storage --- a warehouse used by a retailer for storage of his goods before sale does not qualify under this subsection because the storing of goods is only part of a non-qualifying trade, and does not form a trade. In the case CIR versus Tai On Machinery Works Ltd., HKTC volume 1 page 411, a retail distributor of goods claims to have subjected goods to a process --- because this is only a small part of a non-qualifying trade, its claim for industrial building allowance is rejected by court.

Press here for more on "subjection of goods or materials to any process". 


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