Saturday, November 29, 2014   

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:
Tram operator urges protesters to free key line (11-28 17:46)
Protest staged in front of RTHK over 'bias' (11-28 17:46)
Protesters appear in High Court (11-28 16:45)
Liao asks not to be too quick to judge police (11-28 16:33)
Pan-dems plan more than 500 motions (11-28 16:32)
Three-week jail term for John Tsang's egg thrower (11-28 16:31)
Green group urges govt to scrap Lantau development panel (11-28 16:30)
Ip defends police action on protest site (11-28 16:23)
Media groups angry over cameraman's arrest (11-28 11:48)
No plan to reoccupy Mong Kok: Joshua Wong (11-28 11:47)

More breaking news >>

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