Sunday, January 25, 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:
Changes urged in flat sales policy (01-23 18:40)
Work hour regulation panel sets up new task force (01-23 18:39)
Lawmaker slams Vice-President's remarks (01-23 18:38)
Li Yuanchao warns of more 'plots' in SAR (01-23 18:37)
Policeman in molestation case pleads not guilty (01-23 14:39)
Labor Party leader slams ATV loan offer (01-23 14:34)
Six parties keen on investing in ATV (01-23 11:37)
ATV shareholder gives staff money as loan, not salary (01-22 17:18)
Fire Services lost 23 personnel last year (01-22 15:51)
'Subsidized flat allocation may need to change' (01-22 15:50)

More breaking news >>

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