is housing allowance taxable?

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  1. #1

    Join Date
    Jan 2006
    Location
    NY, NY
    Posts
    34

    is housing allowance taxable?

    Hi,

    I am moving to HK in september and my package includes a 'housing assistance' which is paid seperately from my pay.

    Would anyone be able to tell me if this amount is to be included in income for tax purposes?

    Cheers,

    NB


  2. #2

    Join Date
    Jun 2005
    Location
    Hong Kong
    Posts
    23,181

    It is taxable, but not simply as salary. Details are in the Inland Revenue's brochure here: http://www.ird.gov.hk/eng/pdf/pam44e.pdf


  3. #3

    Join Date
    Aug 2005
    Location
    Sham Tseng
    Posts
    622

    Its all about the wording, "proper control" and making sure your company keeps good records. Check this out;

    http://www.horwath.com.hk/-HW.asp?-n...lications2.asp


  4. #4

    Join Date
    Oct 2004
    Location
    Midlevels / USA (MD) / London
    Posts
    2,209

    Do you mean is it taxable as HK income or US income? I think in the US it will be considered income, unless (and this is the case sometimes) the firm rents the place and lets you live there.