_2 My Ans - assessable value of that land or buildings or...

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INLAND REVENUE ORDINANCE - SECT 51D Rent records to be kept (1) Subject to subsection (2), every person who is the owner of land or buildings or land and buildings situated in Hong Kong shall keep sufficient records in the English or Chinese languages of the consideration, in money or money's worth, payable or deemed to be payable to him, to his order or for his benefit on or after 1 April 1983 in respect of the right of use of that land or buildings or land and buildings to enable the
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Unformatted text preview: assessable value of that land or buildings or land and buildings to be readily ascertained and shall retain such records for a period of not less than 7 years after the completion of the transactions, acts or operations to which they relate. (2) Subsection (1) shall not require the preservation of any records-(a) which the Commissioner has specified need not be preserved; or (b) of a corporation which has been dissolved. (Added 8 of 1983 s. 15)...
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This note was uploaded on 10/29/2011 for the course ECON 101 taught by Professor Dowlah during the Spring '08 term at Cuny QCC.

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