If the property is occupied or used by the corporation for producing chargeable profits , part 5 is to be completed as well
2.
Generally , all outgoings and expenses , to the extent to which they have been incurred by the taxpayer in the production of chargeable profits , are allowed as deductions
3.
Generally , all outgoings and expenses , to the extent to which they have been incurred by the taxpayer in the production of chargeable profits , are allowed as deductions
4.
If the letting income is chargeable to profits tax or the property is used for producing chargeable profits , exemption from property tax under section 5 of the inland revenue ordinance can be claimed in part 5 of the return b . i . r . 58 . in any event , part 4 must also be completed , otherwise the assessor may raise queries
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