✔ 最佳答案
There is no such 7 years' ruling. The profit on disposal of a property may not be taxable provided that
1. The acquisition of the property is intended for long-term investment.
2. The shop after purchased is rented out or for personal usage.
3. The property had been acquired for a long time and not disposed within a short time.
4. You have no frequent dealings in properties. If yes, the Inland Revenue Department may consider that you are trading with properties. Then all will be taxable.
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Since the shop had been acquired for a long time and provided the points as stated above is relevant in your case, I think you have a good ground that the profit on the shop when disposed is not liable to profits tax.