Raymond Yeung Tax Consultant former Assessor of Inland Revenue Department 前稅局評稅主任楊輝洪

飛鴻稅務顧問  Qualifications   出版書目  

Tel /WhatsApp /WeChat 94735846  *email: yeungfhr@qq.com  

Service charge $500/hr *Hang Seng Bank Account: 385 599279 883 *Payment thru mobile phone: PayMe / FPS轉數快 Yeung Fai Hung *會面:上水廣場5樓太興餐廰  *報稅分析 *稅務咨詢 *記帳系統 *業務報稅 *稅務課程

 

 

Salaries Tax - Dependent Parent Allowance

If a taxpayer maintains his parent, he may claim the allowance subject to the following conditions.

To qualify the allowance, the parent must ordinarily reside in Hong Kong and be 60 or above; or if under 60, he is disabled. From 2005/06 onward, the age limit is reduced to 55.

According to Section 2 of IRO, “parent” means: 

  1. a parent of whose marriage the taxpayer or his spouse is the child;

  2. the natural father or mother of the taxpayer or his spouse;

  3. a parent by whom the taxpayer or his spouse was adopted;

  4. a step parent of the taxpayer or his spouse; or

  5. a parent of his deceased spouse.

Maintaining the parent means paying the parent at least $12,000 during the year of assessment or living with the parent "not for full consideration" for at least 6 months. The phrase "not for full consideration" means the taxpayer subsidizing the living costs of the parent; the allowance can still be granted even if the parent contributes to pay his own living expenses or some of the household expenditure.  

In addition, a person may claim Additional Dependent Parent Allowance if he lives with his parent "not for full consideration" throughout the whole year of assessment.

Full allowance is granted for the whole year of assessment in which the parent or grand-parent reaches 55. Also full allowance is granted for the year of death. No time apportionment of the allowance is required.

No double dependent parent allowance for the same parent is allowed. If two or more persons claiming the allowance, they should reach an agreement as to who can get the allowance. If no such agreement is made, no one can get the allowance.    

In addition, a person may claim Disabled Dependant Allowance in respect of his disabled parent. The condition for the claim is that the parent must be eligible to claim Disability Allowance from the Social Welfare Department.  

A person may claim the allowance in tax return. If he forgets to do so, he may claim it by an objection when he receives the assessment. Even if he misses the objection deadline, he can still claim it by a Section 70A claim (because it is an omission --- to claim the allowance).    

Press here for the amount of allowances.

 

楊輝洪 Raymond Yeung 為你提供:

 

* 稅務顧問服務 * 飛鴻作品下載 * 寫好英文信件 * 基礎法律知識 * 實用稅務課程 * 英文速成課程 * 見工英語速成 * 中英文寫作服務 * 電腦會計記帳系統

 

 

email: yeungfhr@qq.com

Tel /WhatsApp 94735846

 

 

My Performance Pledge QEEP

My Curriculum Vitae/resume

Value for Money, for sure!

Why you must own my CDR 

Why my service fee is so low

 

 

 

 

香港稅務課程 Practical Taxation Course

教授實用税務及報稅知識

Private tuition of Hong Kong Taxation of Law and Practice

$900 兩小時,單對單教授,:香港稅務知識加強版香港報稅軟體

報讀者可在一年內免費電話咨詢一次  詳情按此