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  1. Buyers jump on stamp duty cut

    Posted Mar 07th 2007, 12:00am by Sandy Li, Yvonne Liu

    ... per cent of the property's value to a single payment of HK$100. Previously, home buyers of properties in this price range were required to pay HK$15,000 in stamp duty. Meanwhile, another ... for residential prices to increase 15 per cent this year, from 7 per cent to 8 per cent. 'Owners selling their small flats will look for a bigger one to improve their living environment. So, ...

  2. Cut in stock trading stamp duty may be far from Donald's mind

    Posted Oct 09th 2007, 12:00am by Enoch Yiu

    ... for- a reduction in the 0.1 per cent stamp duty on stock transactions- may be a long time coming. Stamp duty may be too much of a goose that lays the golden egg for Mr Tsang to tinker with. ... levies stamp duty of 0.1 per cent on both the buying and selling of shares, while it exempts warrant and option trading. The sizzling market means stamp duty may total HK$30 billion this year- ...

  3. Stamp duty cut and rates waiver to boost home sales

    Posted Mar 01st 2007, 12:00am by Klaudia Lee, Peggy Sito

    ... Kong (Holdings) chairman Li Ka-shing welcomed the reduction on stamp duty from 0.75 per cent for properties valued between HK$1 million and HK$2 million to a payment of HK$100, predicting ... accounted for 61.2 per cent of the total number of housing deals. The reduction in stamp duty and the rates waiver would cut the cost of property trading and that would encourage more people ...

  4. Stamp duty rise tips markets into downturn

    Posted May 31st 2007, 12:00am by Staff Reporter

    ... the stamp duty paid on share trades- its most decisive action yet to cool months of frenzied speculation that has sent the bourses to record highs. At one point the benchmark Shanghai Composite Index was down as much as 7.37 per cent from Tuesday's record closing high of 4,334.8, but rallied to end 6.5 per cent down, at 4,053.088, its lowest close since May 21. The fall ...

  5. Comment on stamp duty rise 'a mistake'

    Posted Jun 07th 2007, 12:00am by Staff Reporter

    ... Guo Aibing in Tianjin Some government officials may have made a mistake by commenting on the stamp duty rise before the release of the new policy, a senior mainland central banker suggested yesterday. The Ministry of Finance last week tripled the stamp duty on stock transactions in a move to curb the market rally. That came just a few days after another official denied ...

  6. DAB seeks easing of rules on stock listings and cuts in stamp duty

    Posted Jan 03rd 2007, 12:00am by Klaudia Lee

    ... financial centre. The Democratic Alliance for the Betterment and Progress of Hong Kong also urged the government to cut stamp duty on share transactions, which stands at 0.1 per cent on each deal- ... financial centres, with only nine foreign companies listed in the city, representing 0.8 per cent of the total listed in Hong Kong at the end of 2005. This compared with 227 recorded in Singapore, ...

  7. Brokers see a trading opportunity in Tsang's promise to cut taxes

    Posted Feb 06th 2007, 12:00am by Enoch Yiu

    ... market turnover rose 80 per cent to an average HK$34 billion per day, diverting an estimated HK$15 billion in stamp duty into government coffers. This is a neat consolation prize for the Chief ... reducing the stamp tax if brokers gave up their 0.25 per cent minimum commission. 'Well, the minimum brokerage commission was abolished in 2003, but the stamp duty remains and now ...

  8. Windfall in revenue spurs tax relief call

    Posted Jul 16th 2007, 12:00am by Dennis Eng

    ... on stock transactions for the whole of the 2006-07 financial year. Stamp duty is levied on both the buyer and seller of stocks at 0.1 per cent. KPMG tax partner Jennifer Wong How-yee believes ... compared with HK$1.56 billion for the same period last year, mainly due to land premiums. Stamp duty, which is levied on stock and property transactions, is also buoying government coffers. ...

  9. Budget 2007 Key points

    Posted Mar 01st 2007, 12:00am by Staff Reporter

    ... cent of salaries tax and tax under personal assessment for 2006-07, up to HK$15,000; Waiving rates for the first two quarters of 2007-08, with a cap at HK$5,000 per quarter per tenement; Child ... GDP leapt by 6.8 per cent in 2006, forecast to grow by 4.5-5.5 per cent in 2007-08; Employment close to 3.5 million, up more than 310,000 since 2003; Surplus at HK$55.1 billion ...

  10. Taxman took record HK$155b last year

    Posted May 03rd 2007, 12:00am by Audrey Parwani

    ... by HK$11 billion this year, the head of the Inland Revenue Department said. Revenue last year was up 7 per cent from 2005-06. The take from stamp duty rose the most, up 40 per cent. 'This is because of the stock market. Some 60 per cent of stamp duty revenue comes from the stock market,' said Alice Lau Mak Yee-ming, commissioner of Inland Revenue. Stamp duty paid on share ...




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