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  1. News - Hong Kong - PROPERTY

    Mass rally planned against controversial property market cooling measures

    Posted Feb 24th 2014, 11:44am by Fanny W. Y. Fung and Ng Kang-chung

    ... can help parents avoid tax A lawmaker has urged the government to drop a loophole that allows property buyers to avoid higher stamp duty by buying flats in their children's name. The bill exempted first-time buyers under 18 from the double stamp duty, a provision their parents or guardians could abuse, Democratic Party legislator James To Kun-sun said. "An adult can make use ...

    http://www.scmp.com/news/hong-kong/article/1434023/mass-rally-planned-against-controversial-property-market-cooling
  2. Property - Hong Kong & China - REDEVELOPMENT

    New stamp duty may lead to fewer old buildings being redeveloped

    Posted Mar 04th 2014, 02:32pm by Yvonne Liu

    ... The imposition of extra stamp duties, which caused a 72 per cent drop last year in developers' purchases of old buildings for redevelopment, will continue to affect the sector this year, property ... the drop on the extra stamp duties. Although one of the measures was only approved by lawmakers last month, and other is awaiting their approval, both duties have been levied since they were ...

    http://www.scmp.com/property/hong-kong-china/article/1440058/new-stamp-duty-may-lead-fewer-old-buildings-being
  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

    ... rise finally approved Higher stamp duties to cool Hong Kong's property market finally became law yesterday amid a flurry of grandstanding in the Legislative Council. The duties, which have ... in the past 16 months. The measures have wide public support, but their approval was held up as lawmakers sought a legally binding say in future stamp duty decisions. In the end, just after 4.30pm, 23 ...

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

    Stamp duty expected to hit second-hand homes hardest

    Posted Feb 24th 2014, 04:45am by Sandy Li

    ... Sandy Li sandy.li@scmp.com SHKP chairman says developers have already slashed prices on flats in new developments Stamp duty expected to hit second-hand homes hardest The city's second-largest property developer, Sun Hung Kai Properties, believes higher stamp duties that became law at the weekend will hit the secondary residential market hardest, despite developers slashing ...

    http://www.scmp.com/news/hong-kong/article/1433797/stamp-duty-expected-hit-second-hand-homes-hardest
  5. 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

    ... Tanna Chong and Olga Wong Government's word looks like it will be enough regarding negative vetting of future measures Legco set to vote for year-old stamp duty rise Additional stamp ... legislators. At least 42 of the 70 lawmakers say they will support the government's Stamp Duty (Amendment) Bill when it is put to a Legislative Council vote. But some are calling for the vote ...

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

    ... Amy Nip and Tanna Chong Buyer's stamp duty likely to become law within days, but will it encourage sellers to cut prices and boost sluggish sales of second-hand flats? Agents divided ... 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 ...

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

    Legco stamp-duty vote to go ahead as lawmakers reject motion to delay poll

    Posted Feb 19th 2014, 07:10pm by Tanna Chong

    ... Tanna Chong tanna.chong@scmp.com No delay on Legco stamp-duty vote Lawmakers yesterday rejected a motion to postpone voting on a controversial measure introduced in 2012 to cool the red-hot property market. Accounting sector legislator Kenneth Leung said debate on the Stamp Duty (Amendment) Bill should be adjourned to give lawmakers more time to discuss how the 15 per cent ...

    http://www.scmp.com/news/hong-kong/article/1431168/legco-stamp-duty-vote-go-ahead-lawmakers-reject-motion-delay-poll
  8. 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
  9. Property - Hong Kong & China - Tax

    Government to keep its control over stamp duty

    Posted Feb 17th 2014, 04:54am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Government to keep its control over stamp duty The government says it intends to keep a system that allows it to make changes to the homebuyers' stamp duty without the scrutiny of lawmakers, despite calls to rein in its power. A 15 per cent stamp duty was introduced in 2012 on home purchases by corporations or by individuals who are not permanent ...

    http://www.scmp.com/property/hong-kong-china/article/1429133/government-keep-its-control-over-stamp-duty
  10. News - Hong Kong - BUDGET

    Stamp duty should extend to commercial properties, accounting firm suggests

    Posted Feb 13th 2014, 07:30pm by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Accounting firm urges rethink on stamp duty The government should stop charging companies stamp duty when they buy offices for their own use and instead ... The government doubled stamp duty on non-residential property sales a year ago this month, taking the rate to between 1.5 and 8.5 per cent of the price as part of a package of measures to cool ...

    http://www.scmp.com/news/hong-kong/article/1427216/stamp-duty-should-extend-commercial-properties-accounting-firm

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