Friday, August 1, 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   
Other Hong Kong breaking news:
Fiscal reserves down as of June (07-31 16:52)
Activists refuse bail extension (07-31 12:59)
Govt slammed over staff hiring (07-31 12:59)
Tam urges more signatures overseas (07-31 11:38)
Lee Cheuk-yan urges political party legislation (07-31 11:36)
Ebola safeguards announced (07-31 10:07)
Activists plan to refuse to renew their bail (07-30 18:59)
Ng not seeking new term as LegCo FC chair (07-30 18:58)
Civil disobedience more likely: Occupy Central (07-30 14:52)
Lawmakers asked to clarify donations (07-30 13:30)

More breaking news >>

© 2014 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 2014, 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.