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News - Hong Kong
Stamp duty for developers to remain in place
Posted Dec 18th 2012, 03:24pm by Lai Ying-kit
... companies. Developers have sought an exemption, for Hong Kong-registered companies, from the 15 per cent stamp duty that is now charged on flat purchases. It affects corporate buyers as well ...
http://www.scmp.com/news/hong-kong/article/1107421/stamp-duty-developers-remain-place -
News - Hong Kong - POLITICS
ICAC probe Franklin Lam's property sales
Posted Nov 02nd 2012, 09:18pm by Lai Ying-kit
... News Hong Kong 15 per cent stamp duty Lai Ying-kit The Independent Commission Against Corruption (ICAC) has launched an investigation into the sale of two flats by Executive Council member Franklin Lam Fan-keung, according to a pan-democrat who earlier filed a complaint. Lam sparked controversy over accusations that he benefitted from insider information after he put two Mid-Levels ...
http://www.scmp.com/news/hong-kong/article/1074750/icac-probe-franklin-lams-property-sales -
Business - Comment - MONITOR
Early signs suggest new stamp duties haven't reined in prices
Posted Jan 10th 2013, 12:00am by Tom Holland
... Business Comment Insight & Opinion 15 per cent stamp duty Home prices Tom Holland While sales have slumped in the wake of the levy, strong interest from wealthy locals in buying second flats has helped support home prices At the end of October, the Hong Kong government slapped a punitive 15 per cent stamp duty on all non-resident and corporate buyers of residential properties ... are connected with criminal activity. No such proof is required in the land of the free. The USA also has one of the highest per capita incarceration rates in the world. It is on the same level as China ...
http://www.scmp.com/business/article/1124121/early-signs-suggest-new-stamp-duties-havent-reined-prices -
News - Hong Kong - PROPERTY
Government has no plan to plug stamp duty loophole
Posted Nov 03rd 2012, 12:00am by Joyce Ng
... Buyer's Stamp Duty of 15 per cent, along with other duties, by using a share transfer system. If a person purchases a second-hand flat by buying the shares of the company that owns it, the buyer ...
http://www.scmp.com/news/hong-kong/article/1074767/government-has-no-plan-plug-stamp-duty-loophole -
News - Hong Kong - PROPERTY
Hotel scheme holds high risks for buyers who saved on stamp duty
Posted Feb 22nd 2013, 12:00am by Joyce Man, Olga Wong and Paggie Leung
... a buyer's stamp duty of 15 per cent of the purchase price of homes, payable by all non-permanent-resident buyers and those buying houses or flats through companies, in addition to the standard stamp ...
http://www.scmp.com/news/hong-kong/article/1155786/hotel-scheme-holds-high-risks-buyers-who-saved-stamp-duty -
News - Hong Kong - PROPERTY
Solicitors, commerce chamber seeks exemptions to proposed stamp duty
Posted Feb 15th 2013, 12:00am by Joyce Ng
... News Hong Kong 15 per cent stamp duty Property Solicitors commerce chamber Joyce Ng joyce.ng@scmp.com Solicitors and a foreign business chamber have expressed concern about a planned 15 per cent stamp duty on non-local and corporate property buyers, while another chamber has endorsed it. The Law Society and the Australian Chamber of Commerce in Hong Kong both called ...
http://www.scmp.com/news/hong-kong/article/1150540/solicitors-commerce-chamber-seeks-exemptions-proposed-stamp-duty -
Business - Property - PROPERTY
Hong Kong home sales spike as locals jump in to buy
Posted Feb 05th 2013, 12:00am by Sandy Li
... January 27, home prices rose 4 per cent despite the government introducing a 15 per cent buyers' stamp duty for corporate buyers and non-permanent residents to cool the market. Total property ...
http://www.scmp.com/business/article/1143368/hong-kong-home-sales-spike-locals-jump-buy -
Business - Property - PROPERTY
Fears of more intervention as home sales rebound
Posted Feb 04th 2013, 12:00am by Peggy Sito
... buyers late last year. Home prices retreated by 1.6 per cent from a record high after the introduction of a new buyers' stamp duty and adjusted special stamp duty on October 27. But prices ...
http://www.scmp.com/business/article/1142711/fears-more-intervention-home-sales-rebound -
News - Hong Kong - PROPERTY
Call to leave local-owned companies out of 15pc tax
Posted Feb 01st 2013, 12:00am by Joyce Ng
... paying a 15 per cent duty. The bill for the Buyer's Stamp Duty, which is imposed on non-local and corporate buyers in order to favour permanent residents, is under discussion ...
http://www.scmp.com/news/hong-kong/article/1140522/call-leave-local-owned-companies-out-15pc-tax -
Business - Property - PROPERTY
Cooling measures start to bite as homes market sees sharp sales drop
Posted Jan 29th 2013, 12:00am by Peggy Sito
... last month fell 53 per cent month-on-month to 7,035. On October 27 the government imposed a stamp duty of 15 per cent on non-locals and companies who buy homes. It also raised by 5 percentage ...
http://www.scmp.com/business/article/1138262/cooling-measures-start-bite-homes-market-sees-sharp-sales-drop
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