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Results 1 - 10 of 196243 for 15 per cent stamp duty

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  1. Comment - Insight & Opinion

    Easing of double stamp duty another example of Leung's failed housing policy

    Posted May 16th 2014, 03:03am by Albert Cheng

    ... Albert Cheng Albert Cheng says the only certainty in the chief executive's flip-flopping housing measures is that they have all been ill-thought-out or ineffective Stamp duty move yet ... the property market would be relaxed, to make it easier for residents to upgrade their flats. Thus, residents moving up the property ladder will no longer have to pay a double stamp duty of as much ...

    http://www.scmp.com/comment/insight-opinion/article/1512772/easing-double-stamp-duty-another-example-leungs-failed
  2. Comment - Insight & Opinion - MY TAKE

    Property market still open to loopholes

    Posted May 16th 2014, 03:03am by Alex Lo

    ... the legislature to confirm last year's doubling of stamp duty. Here is an obvious loophole, which the government refuses to close. If you buy several flats under a single contract, a waiver for the doubled stamp duty may be granted for all the flats. Now you can't do the same with parking spaces. If you buy more than one parking space, you get no waiver even if you buy them all ...

    http://www.scmp.com/comment/insight-opinion/article/1513003/property-market-still-open-loopholes
  3. News - Hong Kong - PROPERTY

    Higher stamp duties approved by Legco 16 months after being imposed

    Posted Feb 23rd 2014, 05:11am by Tony Cheung

    ... the stamp duty at non-local buyers has also been effective in squeezing out mainland investors. Property agency Centaline estimates 42 per cent of buyers of new homes were non-local before the 15 ... Analysts said the imposition of the stamp duties had popped the property market bubble. Brokerage house CLSA projects a 10 per cent drop in prices this year and a further 5 per cent drop next year. ...

    http://www.scmp.com/news/hong-kong/article/1433559/higher-stamp-duties-approved-legco-16-months-after-being-imposed
  4. News - Hong Kong - PROPERTY

    Legco set to vote for year-old stamp duty rise

    Posted Feb 18th 2014, 05:11am by TANNA CHONG AND OLGA WONG

    ... Kenneth Leung Kai-cheong said. Under the change, announced by Cheung on Friday, the government would have to table a new bill for any proposed increase in the 15 per cent buyers stamp duty ... buyers of property must pay an extra 15 per cent tax on top of the existing stamp duty, while a special stamp duty is levied on the resale of properties within three years of purchase, up from ...

    http://www.scmp.com/news/hong-kong/article/1429836/legco-set-vote-year-old-stamp-duty-rise
  5. News - Hong Kong - PROPERTY

    Changes to stamp duty adjustment system to incorporate different approaches

    Posted Feb 15th 2014, 03:46am by Tanna Chong

    ... duty adjustment mechanism The government has announced changes to its system of adjusting stamp duty levels, amid lawmakers' repeated attempts to limit its power to do so. Secretary for Transport and Housing Professor Anthony Cheung Bing-leung yesterday said the government would adopt different legislative approaches for adjusting the 15 per cent buyers' stamp duty, introduced ...

    http://www.scmp.com/news/hong-kong/article/1428020/changes-stamp-duty-adjustment-system-incorporate-different-approaches
  6. News - Hong Kong - PROPERTY

    Controversial property stamp duty bill moves one step closer to passage

    Posted Feb 20th 2014, 12:22pm by Amy Nip and Tanna Chong

    ... introduce the buyer's stamp duty. The bill is expected to pass a third reading within days. A third reading would write into the statute books the 15 per cent tax on home purchases ... at Centaline, sees things differently. He expects property prices to drop by 15 per cent when the bill becomes law, with transactions up by 20 to 30 per cent by June. "Some property owners would ...

    http://www.scmp.com/news/hong-kong/article/1431681/controversial-stamp-duty-bill-moves-one-step-closer-passage
  7. News - Hong Kong - PROPERTY

    New 15 per cent stamp duty may hit expatriate homebuyers

    Posted Oct 28th 2012, 12:00am by Johnny Tam, Tony Cheung

    ... pay 10 per cent of a home's value in Additional Buyer's Stamp Duty- 5 percentage points less than such buyers must pay in Hong Kong. ... Johnny Tam and Tony Cheung Stamp duty aimed at speculators could deter not-yet-permanent residents from buying New levy will block expatriates It may be targeted at property speculators, ...

    http://www.scmp.com/news/hong-kong/article/1071453/new-15-cent-stamp-duty-may-hit-expatriate-homebuyers
  8. Comment - Insight & Opinion

    Drastic measures necessary to stabilise Hong Kong property market

    Posted Feb 17th 2014, 03:05am by Anthony Cheung

    ... of a massive bubble Right on target The Legislative Council will resume the second reading of the Stamp Duty (Amendment) Bill on Wednesday. The bill, if passed, will end the extended period of uncertainty in the market over the demand management measures introduced by the government in October 2012- namely, an enhanced special stamp duty to curb short-term speculation and a new buyer's ...

    http://www.scmp.com/comment/insight-opinion/article/1429032/drastic-measures-necessary-stabilise-hong-kong-property
  9. Comment - Insight & Opinion

    Government must back off to keep Hong Kong a truly free market

    Posted Feb 04th 2014, 11:14am by LAM PUN-LEE

    ... of mortgage rules and increased stamp duty on luxury premises prompted speculators to divert their investments to small and medium-sized homes, as well as commercial buildings. As a result, the prices ... extended these measures to include all properties, with the maximum loan for a HK$7 million residential property also lowered to 60 per cent of its value, ultimately causing the market to stagnate. ...

    http://www.scmp.com/comment/insight-opinion/article/1420519/government-must-back-keep-hong-kong-truly-free-market
  10. News - Hong Kong - POLITICS

    Unpaid property taxes piling up in law firms a risk as Legco delays stamp duty bill, John Tsang claims

    Posted Jul 07th 2014, 05:43am by Patsy Moy, Emily Tsang

    ... The Legislative Council's three-month summer recess begins on July 15. Tsang said the delay in approving the doubling of stamp duty made it harder for the government to respond promptly to changing ... Patsy Moy and Emily Tsang Finance chief says property levies piling up at law firms while lawmakers are filibustering Tsang frets over delay to stamp duty bill's passage Law firms ...

    http://www.scmp.com/news/hong-kong/article/1548273/unpaid-property-taxes-piling-law-firms-risk-legco-delays-stamp-duty

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