Friday, August 29, 2014   

Non-residents paid HK$3.3b in stamp duty
(04-30 17:35)

Non-local residents have paid HK$3.3 billion in buyer's stamp duty to the government since the controversial property tax was introduced in October 2012.
Non-permanent residents are taxed 15 percent on residential property transactions.
More than 1,800 deals were subject to the levy which was aimed at cooling home prices.
Another market tightening measure -- an up to 15-percent special stamp duty first introduced in November 2010 and later increased in 2012 -- brought more than HK$650 million to the government coffers, with more than 3,400 transactions. --RTHK   
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