Hong Kong has a schedular system of income tax. The Inland Revenue Ordinance charges income from an office, an employment or a pension to salaries tax, profits from a trade, profession or business to profits tax and rental income from real estate to property tax. Any income that is not within any one of these schedules or categories is not subject to tax. Hong Kong does not currently impose any estate duty and payroll, turnover, sales, value-added, gift or capital gains taxes.