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.
for definition of
a qualifying trade under Section 40 of Inland Revenue Ordinance.
are two kinds of allowances: (a) initial allowance for initial expenditure
and (b) annual allowance for residue of expenditure.
the following to proceed: