Sunday, April 26, 2015   

Govt proposes to change property tax exemptions
(05-13 16:51)

The government proposed to amend the bills on double stamp duty.
Secretary for Financial Services and the Treasury Ceajar Chan Ka-keung told the Legislative Council that the government plans to extend the waiver period for people changing flats, which will start after signing of the formal agreement to buy the second flat.
In the original bill, the six-month period begins when the buyer signs the preliminary sales agreement.
Meanwhile, buyers without holding any residential unit purchased a home together with a car park using the same document will be exempted from the double stamp duty.
But lawmakers are still upset with the proposed change, saying it will still hit on retailers and other homeowners who are looking to change their flats for their own users.   
Other Hong Kong breaking news:
Swire, Sino-Ocean launch open plan shopping complex in Chengdu (04-24 20:24)
Tsang to open Prof Jao Tsung-i exhibit in Beijing (04-24 20:20)
Memories of nature (04-24 20:17)
The Venetian broadcasts May 3 bout live (04-24 19:30)
Ricky Wong demands new TV license at the earliest after court ruling (04-24 18:08)
Travel site Expedia builds app for Apple Watch (04-24 17:15)
Apple Watch: listen to music, view photos (04-24 16:32)
Apple Watch: Dial gives access to apps menu (04-24 16:28)
A primer on setting up Apple Watch (04-24 16:21)
Variations on a theme (04-24 14:04)

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.