11. DA- Industrial Building

11. DA- Industrial Building - BUSI0018 HK Taxation Tutorial...

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BUSI0018 – HK Taxation Tutorial Notes on Depreciation Allowance 折折折折折- Industrial Buildings Types of use that can qualify a building as an industrial building S40(1) 1. use in a trade carried on in a mill 折折, factory or other similar premises 2. use in a transport, tunnel, dock, water, gas or electricity undertaking or a public telephone or telegraph service E.g. MTR tunnels and stations, power stations and telephone exchanges 折折折折 are qualified as industrial buildings. 3. use in a trade which consists of the manufacture of goods or materials or the subjection of any goods or materials to any process 折折折折折折折折折折折. (The processing must be in the nature of the trade and not something which is incidental to a trade consisting primarily of some other activities such as sorting and packing of goods 折折折折, 折折折折折折折折折折折折折折, 折折折折折折折折折折折折) A motor repair workshop 折折 折折折 折 qualifies as an industrial building, but a workshop where motor cars are polished an tuned before being placed in a showroom may NOT be qualified 4. use in a trade which consists of the storage of goods or materials (i) which are to be used in the manufacture of other goods or materials; (ii) which are to be subjected in the course of trade to any process; or (iii) on their arrival into HK Mere storage of a trader’s or manufacturer’s goods is not enough. There must be
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11. DA- Industrial Building - BUSI0018 HK Taxation Tutorial...

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