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  1. Lai See

    Posted Nov 27th 2010, 12:00am by Howard Winn

    ... introduced special stamp duty was appropriate and timely, according to Eva Cheng (pictured), secretary for transport and housing, speaking on the radio. She said she hoped the new initiative would ... stamp duty would be 'unfair to those who have genuine needs to sell their properties within the specified period of time, and will cause additional hardship to those in financial ...

  2. Parties urge more cash for education, welfare

    Posted Aug 10th 2010, 12:00am by Gary Cheung

    ... The calls come as government coffers are flush with cash from land sales and stamp duty on property and stock transactions. Democratic Party lawmaker Cheung Man-kwong said he did not expect ... education, given the windfall from stamp duty and land sales. Tsang is scheduled to begin consultation sessions on his October policy address tomorrow when he meets Hong Kong deputies to the National ...

  3. Downturn set to eat into tax revenue for a third straight year

    Posted May 04th 2010, 12:00am by Dennis Eng

    ... tax is projected to slip 3 per cent year on year to HK$39.81 billion, with property tax down 11 per cent to HK$1.5 billion and a 29 per cent decline in stamp duty revenue to HK$30 billion. The relatively conservative estimates follow robust growth last year that saw the government collect one-third more in stamp duty and double the amount of property tax, which Chu said reflected ...

  4. Tsang says may be room to cut stamp duty on certain properties

    Posted Oct 16th 2010, 12:00am by Paggie Leung

    ... Paggie Leung Chief Executive Donald Tsang Yam-kuen says there may be room to cut stamp duty on certain properties. But market watchers fear such a move would increase speculation. 'I do take the point that for certain classes of properties, speculation is less significant and there might be some room [to cut stamp duty], but this is a matter for the financial secretary ...

  5. Analysts unconvinced rise in stamp duty will work

    Posted Nov 19th 2010, 12:00am by Peggy Sito

    ... Peggy Sito There were mixed reactions from analysts yesterday to the IMF's calls for an increase in stamp duty to cool Hong Kong's red-hot housing market. Some questioned ... of Samsung Securities (Asia), said sales volume fell in May, June and July after the government raised stamp duty for property sales of more than HK$20 million to 4.25 per cent from 3.75 per cent ...

  6. Call to sting speculators with extra stamp duty

    Posted Nov 18th 2010, 12:00am by Gary Cheung

    ... Gary Cheung The head of an influential think tank says property sellers who engage in speculative activities should be made to pay hefty stamp duty. Anthony Wu Ting-yuk, chairman of the Bauhinia Foundation Research Centre, said the government should impose a new stamp duty on apartments that are sold within six months to one year after they were last purchased. At present, only ...

  7. Stamp duty riles agents

    Posted Nov 30th 2010, 12:00am by Dennis Eng, Paggie Leung

    ... Paggie Leung and Dennis Eng Real estate agents yesterday demanded the government reverse its 15 per cent stamp duty on the sale of homes. The Joint Council of Estate Agents Associations ... amid soaring inflation and property prices. The council said the stamp duty- ranging between 5 per cent and 15 per cent for residential properties sold within 24 months- should be replaced ...

  8. Ill-defined stamp duty rules cause confusion

    Posted Nov 26th 2010, 12:00am by Staff Reporter

    ... The measures on stamp duty unveiled last Friday and put into immediate effect are ill-defined. An extra tax will apply to buyers and sellers, but the proportions have not been specified. Many people, including those wanting a new home, will now have doubts about whether to make a purchase. The rules aim to curb speculation without defining who is a speculator. Stamp duty of up to 4.25 per cent ...

  9. Property speculators slapped with up to 15pc extra stamp duty

    Posted Nov 20th 2010, 12:00am by Charlotte So, Dennis Eng, Yvonne Liu

    ... Dennis Eng, Charlotte So and Yvonne Liu The government slapped additional stamp duty on property speculation yesterday in a desperate move to rein in rampant home-price inflation. The monetary authority lowered the mortgage ratio for costlier flats. Properties purchased from today onwards and sold within six months will incur a 15 per cent stamp duty. This is in addition ...

  10. Stamp duty increase prompts warning of 'collateral damage'

    Posted Nov 27th 2010, 12:00am by Yvonne Liu

    ... Tsang Yam-kuen said yesterday the new stamp duty was working. But Louis Loong Hon-biu, secretary general of the Real Estate Developers Association of Hong Kong (REDA), countered that genuine ... this week. The new rules impose an extra 15 per cent on stamp duty for flats bought and sold within six months, 10 per cent for those sold between six months and a year of purchase and 5 per cent ...




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