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YanYansweetie,
Are you also one of the parents of SPCC?
Pls take note that the assets mentioned excludes the value of the family's principal residence but includes other properties.
So the NAV of 2nd properties onwards will only be counted for calculating household income purpose.
btw, I guess the addition of 10% of NAV of 2nd property on household income is mainly used to offset mortgage payment (of property concerned, if any) claimed. Hence they only allow for deduction of mortgage payment of one single property.
Think we may convey our comments to Mr. YL Chan, the school Financial Controller, which I think the remission scheme was drawn up by him.
原帖由 YanYansweetie 於 08-9-10 16:26 發表 
besides, net asset value (market value - outstanding loan), if over $500K, 10% will be deemed as income is not reasonable.
for home purchase, 70% is the norm. the net asset value would over $500K ka ...
[ 本帖最後由 kittylock 於 08-9-10 17:14 編輯 ] |
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