• Friday
  • April 18, 2014
  • Last updated: 5:55pm
Hong Kong




Search Results

Results 1 - 10 of 2030 for 15 per cent stamp duty

Related topics matching your search

Search results

  1. 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 ...

  2. 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, ...

  3. HK Electric poised for tariff rise of 2-3 per cent

    Posted Dec 21st 2006, 12:00am by Denise Tsang

    ... for this year. 'Hongkong Electric has a better chance to restore its return to 15 per cent next year after raising tariffs,' said an analyst with a European brokerage. 'It is not fair ... Denise Hung and Denise Tsang Increase will widen gap in charges paid by consumers on both sides of harbour Hongkong Electric is set today to announce an increase of 2 to 3 per cent ...

  4. Estate duty may cease

    Posted Oct 08th 2005, 12:00am by Staff Reporter

    ... duty rate can be as high as 15 per cent on estates exceeding $10.5million. With unprecedented opportunities emerging from the development of financial markets in Asia and given the intense ... of about $1.5billion, the additional revenue from stamp duty and other taxes should compensate for the tax gap. ...

  5. Mainland stocks suffer worst quarter in 15 years

    Posted Apr 01st 2008, 12:00am by Nick Westra

    ... incentives to underpin the weak market. The decline also closed the books on a 20.14 per cent slide in March, its largest monthly drop since July 1994. 'The effect of a stamp duty cut would ... 34 per cent to 3,472.713 points. The Hang Seng Index was hot on its heels, diving 17.85 per cent to 22,849.2 points for its largest quarterly loss since the terrorist attacks of 2001. ...

  6. Row over Cheung Kong chief's tax blog escalates

    Posted Apr 30th 2011, 12:00am

    ... dates back to November, when the government announced new measures to curb speculative home-buying. It said sales of homes within two years of their purchase would incur additional stamp duty of up to 15 per cent of the sale price, on top of normal stamp duty, which is capped at 4.25 per cent. The measure took effect on November 20, a day after the announcement. Hours after ...

  7. 'Scrap estate duty to lure investors'

    Posted Oct 18th 2003, 12:00am by Kelvin Chan

    ... investors to park and manage their capital here', said the federation's chairman, Peter Wong Hong-yuen. When someone dies, the Inland Revenue Department charges 5 per cent on assets exceeding $7.5 million, including bank deposits, stocks and property in Hong Kong. The death duty rises to 15 per cent for assets in excess of $10.5 million. Eliminating estate duty would not cost ...

  8. A rare bust in HK's property market boom

    Posted Jul 19th 2011, 12:00am

    ... to 60 per cent, while the total loan value must not exceed HK$5 million. The measures are on top of the introduction of a special stamp duty of up to 15 per cent on homes resold quickly. ... market in June. Forced to sell a flat at an unfinished North Point development, the investor lost over HK$1.5 million. But including stamp duties and agent's commission, the loss is expected ...

  9. Hong Kong home sales lift Midland net 621pc

    Posted Sep 18th 2007, 12:00am by Charlotte So

    ... demand for residential properties in the city. Housing transaction volume increased 35 per cent in the first half, a product of low interest rates and a resurgence of confidence in Hong Kong's economy. Midland's net profit soared about 621 per cent to HK$230 million from HK$31.9 million a year earlier. Sales rose 67 per cent to HK$1.5 billion as brokerage income from ...

  10. Cooling measures slam brakes on home sales

    Posted Nov 23rd 2010, 12:00am by Nick Westra, Peggy Sito

    ... Reserve's latest US$600 billion 'quantitative easing'- include additional stamp duty of up to 15 per cent on property speculation and a lower mortgage ratio for costlier flats. '[The ... Peggy Sito and Nick Westra Shares of Hong Kong's real estate companies slumped yesterday as government plans to lift stamp duty on property transactions spooked investors and sparked ...




SCMP.com Account