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  • November 24, 2014
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Results 1 - 10 of 36 for stamp duty

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  1. Henderson calls for stamp duty relief

    Posted Aug 30th 2003, 12:00am by Peggy Sito

    ... A leading Hong Kong developer has called for a 50 per cent reduction in stamp duty for property transactions in a bid to stimulate residential sales. Henderson Land Development chairman ... are running at just around 2 per cent per annum but stamp duty on transactions for luxury flats are fixed at 3.75 per cent. The tax charge is too expensive,' Mr Lee said. 'Many people ...

  2. Swire, SHKP must pay $349m duty, court rules

    Posted Dec 05th 2003, 12:00am by Peggy Sito

    ... Peggy Sito Swire Properties and Sun Hung Kai Properties (SHKP) have lost a court dispute over $349.65 million in stamp duty for a huge residential development site in Tseung Kwan O bought ... ruling overturned a decision by the Court of Appeal in March which ruled in favour of Arrowtown Assets for the relief of the $349.65 million stamp duty. Swire and SHKP each owns 49 per cent ...

  3. Mortgage proposal rejected

    Posted Aug 08th 2003, 12:00am by Raymond Ma

    ... Mr Li, also chairman and chief executive of Bank of East Asia, said he did not expect such a move would help stimulate demand. 'If you reduce stamp duty or allow more [mainland] ...

  4. Housing chief set to announce measures to stabilise market

    Posted Jul 31st 2003, 12:00am by Chloe Lai

    ... is considering extending the permitted construction periods at sites, lowering stamp duty, cancelling the advanced payment of stamp duty, and changing the arrangements for land supply as possible ways ...

  5. Developers' fears about oversupply are not allayed

    Posted Aug 01st 2003, 12:00am by Peggy Sito

    ... be good,' Mrs Ho said. The government is considering extending the permitted construction periods at sites, lowering stamp duty, cancelling the advanced payment of stamp duty and changing ...

  6. Buying holds hidden costs despite low interest rates

    Posted Oct 29th 2003, 12:00am by Peggy Sito

    ... leasing. But you could face a raft of additional expenses such as stamp duty, rates, property tax and management fees.' Stamp duty is up to 3.75 per cent for properties worth more than $6 million. Below that, lower rates apply. For a $4 million unit the stamp duty is $90,000. Rates are payable to the government each quarter. The ratable value of a property is assessed ...

  7. Buyers still cautious as deals get even sweeter

    Posted Aug 06th 2003, 12:00am by Sandy Li

    ... developers have offered incentives ranging from the waiving of stamp duties and cash bonuses to 'giveaway decoration'. Citigroup Smith Barney said incentives or price cuts remained ... by developers that they were raising prices by between 3 per cent and 5 per cent last month were largely a marketing strategy to stimulate purchases, it said. Cheung Kong said it would pay stamp duty ...

  8. Tax the billionaires

    Posted Aug 09th 2003, 12:00am by Staff Reporter

    ... that you do not serve at their sufferance by: raising the stamp duty on share transactions back to 0.3 per cent; and requiring offshore companies to report their presence and earnings. ... on residents bringing in duty-free cigarettes, will bring more revenue. Cancel the rail extension to Lok Ma Chau - it is a white elephant. The congestion is not on the trains as the same number of them ...

  9. New light is shed on councillors' expenses

    Posted Dec 20th 2003, 12:00am by Staff Reporter

    ... But the commission also recommended that the list of reimbursable office items be expanded. Stamp duty the councillors pay for renting offices will now be included. A list of items where reimbursement ...

  10. Court rejects SHKP unit site sale request

    Posted Dec 11th 2003, 12:00am by Peggy Sito

    ... dispute over $349.65 million in stamp duty for a residential development site in Tseung Kwan O, bought in 1997. ...




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