ACY3161ass6_1112_1st%28new%29

ACY3161ass6_1112_1st%28new%29 - THE CHINESE UNIVERSITY OF...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
THE CHINESE UNIVERSITY OF HONG KONG School of Accountancy ACY 3161 – Taxation (1 st Term, 2011-2012) Assignment 6 Due Date: December 5, 2011 (Monday) 4:00 p.m. Individual OR group assignment (Max 4 students from any session per group) Question 1 Mr. Lee purchased the following properties: Residential Flat Mr. Lee bought a residential flat in Whampoa for $2,500,000 with the following transaction dates: Date of sale and purchase agreement 1 April 2010 Date of assignment 1 June 2010 Mr. Lee rented out the flat for $10,000 a month on a 1 year contract starting 1 August 2010. Office Mr. Lee bought an office in Ngau Tau Kwok for $2,000,000 with the following transaction dates: Date of sale and purchase agreement 15 April 2010 Date of assignment 1 May2010 Mr. Lee rented out one room in his office for $5,000 a month on a 2 year contract starting 1 June 2010. Shenzhen property Due to the bright outlook for the Shenzhen market, Mr. Lee bought a rental property in Shenzhen for RMB$700,000 with the following transaction dates:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

ACY3161ass6_1112_1st%28new%29 - THE CHINESE UNIVERSITY OF...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online