Saturday, August 30, 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   
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