Saturday, November 22, 2014   

Minister rejects stamy duty exemptions
(02-12 18:04)

The government has insisted that corporate buyers and charitable organisations won't be exempted from the buyers' stamp duty on property.
The Secretary for Housing, Anthony Cheung Bing-leung, said this were essential to ensure the 15-percent tax on transanctions imposed on non-permanent residents would be effective in cooling home prices. But some estate agents have said the measure is too harsh.
Cheung said lawmakers were expected to vote on the stamp duty next week. --RTHK   
Other Hong Kong breaking news:
(Update) Twenty hurt in Light Rail-bus crash (11-21 18:50)
Democracy activists protest outside British consulate (11-21 17:53)
Bid to appeal against injunction order rejected (11-21 17:28)
Nineteen hurt in Light Rail-bus crash (11-21 15:33)
Legco probe into CE blocked again (11-21 14:56)
Eleventh arrest over Legco break-in (11-21 14:56)
HK journalists barred from Philippines (11-21 14:54)
Six in court over Legco break-in (11-21 14:54)
Students should tone down protest: Patten (11-21 11:14)
Student leaders condemn storming of Legco building (11-20 18:32)

More breaking news >>

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