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  • April 20, 2014
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Results 1 - 10 of 18 for stamp duty

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  1. News - Hong Kong - ECONOMY

    Deloitte China forecasts HK$50.3 billion fiscal surplus

    Posted Jan 28th 2014, 12:49pm by Tony Cheung

    ... They include sweeteners for the middle class, such as waiving 75 per cent of the salaries tax- subject to a HK$12,000 ceiling- as well as stamp duty deductions for those buying a home for the first ... should be allowed a deduction for the stamp duty paid on the purchase, also with a HK$100,000 cap. "We don't have a scientific definition of 'middle class', but generally we ...

  2. News - Hong Kong - ECONOMY

    Change accounting rules to keep land revenue windfalls separate, urges government adviser

    Posted Jan 17th 2014, 04:14am by Olga Wong

    ... suggested setting up a fiscal stabilisation fund comprising revenues that tend to fluctuate, such as land premiums, stamp duty and investment income. The fund's performance over about seven ...

  3. News - Hong Kong - ECONOMY

    Bumper year in 2012-13 as tax revenue hits record HK$242b

    Posted May 03rd 2013, 12:00am by Dennis Chong

    ... Property tax rose 16 per cent to HK$2.3 billion - another record. Chu expected tax revenue to increase further in the current financial year despite a drop in stamp duty as a result of the government's attempts to cool the overheated property market. In 2010 the government imposed an additional special stamp duty of 15 per cent on homes sold within six months of purchase; 10 per cent ...

  4. News - Business - ECONOMY

    Swire Pacific eyes property expansion across region, says chairman

    Posted Apr 29th 2013, 12:00am by Keith Wallis

    ... high hopes of Cathay Pacific's ties with shareholder Air China, which he felt would define this decade for the airline. Pratt said measures such as the doubling of stamp duty and a law ... constrained; money is still historically cheap. In the absence of the increases in stamp duty who knows where the market would be?" Swire Properties was seeing "good retail demand in its ...

  5. News - Hong Kong - ECONOMY

    Good news on growth for city's finances

    Posted Aug 17th 2013, 12:00am by Tony Cheung

    ... problems, the growth momentum of the euro area is likely to remain weak and uneven." The city has been introducing property curbs to cool the market, including a double stamp duty from ...

  6. News - Hong Kong - ECONOMY

    John Tsang likely to trim size of budget handouts

    Posted Feb 27th 2013, 12:00am by Gary Cheung

    ... in stamp duty from stock transactions "The budget surplus is much larger than expected, thanks to the significant increase in stamp duty from stock transactions - particularly in the second ...

  7. News - Hong Kong - ECONOMY

    Finance chief John Tsang shrugs off Hong Kong's competitiveness rating fall

    Posted Jun 04th 2013, 12:00am by Joyce Ng

    ... the different extra stamp duties, which cover foreign ownership of properties, saying the move had discouraged foreign investment. Tsang said those taxes were "extraordinary measures ...

  8. News - Hong Kong - ECONOMY

    Financial secretary John Tsang misjudges budget surplus again

    Posted Feb 01st 2013, 12:00am by Amy Nip

    ... for the government to estimate its revenue arising from land sales, investment and stamp duty." Although the government said it would not offer cash rebates in the budget on February 27, the economist ...

  9. Business - Money - ECONOMY

    Cash dam reopened to flush out hot money

    Posted Dec 22nd 2012, 12:00am by Eric Ng

    ... investor scheme. Since higher stamp duties were imposed on home purchases by nonlocal and corporate buyers, prospects of further price gains in property had dimmed after soaring some 20 per cent ...

  10. Business - Economy - ECONOMY

    Latest US easing prompts HKMA inflation warning

    Posted Dec 14th 2012, 12:00am by Peggy Sito

    ... further, the buyers can't overcome the impact" of the buyer's stamp duty of 15 per cent that was imposed on non-permanent residents and corporate buyers. It had cut demand ...




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