Saturday, March 28, 2015   

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   
Other Hong Kong breaking news:
Tung to represent HK at Lee Kuan Yew funeral (03-27 19:42)
A rare treat in Macau (03-27 19:09)
(Fashion) Everyday luxury (03-27 18:25)
(Baselworld) Ulysse Nardin fuses extremes in collection (03-27 17:43)
(Baselworld) Diamond guitar a highlight for HK display (03-27 17:12)
Joshua Wong named as among great world leaders (03-27 16:08)
Promulgation of Basic Law to be commemorated (03-27 15:57)
Journalists lament worsening press freedom (03-27 14:35)
'Political reform debate would be beneficial' (03-27 13:38)
Sing Tao honors outstanding individuals (03-27 12:25)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.