Rates and Government Rent
Rates Concession 2012 - 13 The Financial Secretary announced in his 2012-13 Budget Speech to waive rates for 2012-2013, subject to a ceiling of $2,500 per quarter for each rateable property. Corresponding arrangements in respect of rates reimbursement are as follows:
| (a) | Quarterly payment of rates subsidy to aided schools, Direct Subsidy Scheme (DSS) schools, Caput schools and kindergarten-cum-child care centres | |
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(i) |
Schools with quarterly rates over $2,500 |
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$2,500 will be deducted from the subsidy for each quarter from April 2012 to March 2013.
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| (ii) | Schools with quarterly rates less than $2,500 | |
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No rates subsidy will be paid for each quarter from April 2012 to March 2013.
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| (b) | Monthly payment of rates subsidy to aided special schools, kindergartens, kindergarten-cum-child care centres and study rooms | |
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An equivalent amount of rates concession on a monthly basis will be offset against the subsidy for the respective month from April 2012 to March 2013.
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| (c) |
Reimbursement based on receipted demand note (kindergartens, non-profit making private / private independent schools) and direct settlement with Rating and Valuation Department by transfer voucher [English Schools Foundation (ESF) schools, kindergartens, non-profit making private schools and post-secondary institutes] |
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The existing arrangement will remain unchanged. |
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For enquiries, please contact the Recurrent Subventions Section of Education Bureau according to the categories of schools as follows :
| Aided Primary Schools | 2892 6232 |
| Aided Secondary Schools | 2892 6233 |
| Aided Special Schools | 2892 6234 |
| DSS, Caput and ESF Schools | 2892 6235 |
| Other schools and study rooms | 2892 5766 |
Reimbursement of Government Rent Annex III to the Sino-British Joint Declaration and Article 121 of the Basic Law stipulate the charging of an annual Government rent at a rate of 3% of the rateable value of the property for the extension of lease not containing a right of renewal that expired before 30 June 1997 . All land leases whether in Hong Kong Island , Kowloon or the New Territories which have been granted since 27 May 1985 will also be subject to this rent from 1 July 1997 . All eligible schools may apply for reimbursement of Government rents for the school portions. Supervisors of schools already receiving reimbursement of rates may submit their applications together with a copy of the demand notes for Government rents to the respective Senior School Development Officers. New applications for reimbursement of rates and Government rents should be supported by the exemption certificate issued under Section 88 of the Inland Revenue Ordinance, Cap.112. For enquiries, please contact the respective Senior School Development Officers.
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