Hong Kong Property Tax 15% 2026 Calculator
Hong Kong Property Tax 2026: 15% standard rate on rental income from let property. Assessable value = gross rental − allowed deductions (rates, irrecoverable rent). Statutory 20% notional repair deduction = effective base 80% of net rental. No tax credit for residence.
Property Tax Mechanics
15% on net assessable value. Statutory 20% repair allowance reduces base. Effective rate ~12% of gross rental income.
Personal Assessment Election
If you have low salaries + property + business income, electing Personal Assessment combines all into progressive rates — sometimes lower than 15% flat Property Tax.
Mortgage Interest
No deduction under standard Property Tax. Personal Assessment election allows mortgage interest deduction (max HK$100K/year against rental income).
Source and Disclaimer
ird.gov.hk Property Tax. 2026 rates confirmed for fiscal year 2026/27.
Source: ird.gov.hk Property Tax. Last updated: May 2026.