The Hong Kong Inland Revenue Department has issued a notice on the property tax obligations of property owners, including for property solely owned by individuals, property jointly or co-owned by individuals, and property owned by corporations and bodies of persons. --- INLAND REVENUE DEPARTMENT NOTICE Property Tax - Obligations of Property Owners Property tax is charged on owners of land and/ or buildings ("Landed Property") by reference to the actual consideration receivable in respect of the right of use of the Landed Property (including rent, license fee and lease premium) in the relevant year of assessment. Property owners who are...