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  1. Stamp duty chills market

    Posted Jul 11th 2012, 12:00am

    ... to bite. In the second quarter, home values rose 0.9 per cent- the lowest level since September 2009, says prime realtor Savills. Although it is quick to say that the increase in stamp duty is not the only factor that is cooling the market, it is a major factor. 'Heightened uncertainty in the euro zone has undoubtedly played a part, but the stamp duty increase has undoubtedly put off ...

  2. 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 ...

  3. UK stamp duty rise sees rush to complete

    Posted Mar 02nd 2011, 12:00am by Richard Warren

    ... Richard Warren in London Home buyers in Britain are racing to complete deals on GBP1 million (HK$12.55 million) properties to avoid paying thousands of pounds extra in stamp duty tax. Stamp duty on homes valued at GBP1 million or more will increase from 4 per cent to 5 per cent on April 6 as part of a package of revenue-raising measures introduced by the last Labour ...

  4. 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 ...

  5. Stamp duty rise tips markets into downturn

    Posted May 31st 2007, 12:00am by Staff Reporter

    ... the stamp duty paid on share trades- its most decisive action yet to cool months of frenzied speculation that has sent the bourses to record highs. At one point the benchmark Shanghai Composite ... the stamp duty hike. The Shanghai index will seek bottom at around 3,000 in June,' said Wang Sheng, a strategist at Haitong Securities, based in Shanghai. 'A meaningful correction ...

  6. Budget surplus of HK$70b predicted

    Posted Dec 06th 2007, 12:00am by Staff Reporter

    ... the accounts for the first seven months from a deficit into a surplus. Deloitte attributed the large surplus to the soaring stock market, which has inflated investment income, and stamp duty receipts ... to the government with the 2 per cent stamp duty. The firm was optimistic about income generated from stamp duty in the next financial year and also predicted the government would retain property rates ...

  7. Higher home sales in view as tax falls

    Posted Mar 08th 2012, 12:00am

    ... special stamp duty wears off, allowing the market to conclude deals faster and also releasing pent-up demand from genuine buyers. With the introduction of special stamp duty in November 2010 ... the impact of special stamp duty. Now, analysts and agents said there were already signs that special stamp duty was having less impact. Last month, transaction volume rebounded to 3,406, although ...

  8. U.K. tax rise unlikely to deter HK buyers

    Posted Apr 18th 2012, 12:00am

    ... homes in Britain will now pay more tax. As part of a package of measures to tax wealthy people more heavily, the government introduced a higher rate of stamp duty for homes valued at more than?2 million (HK$24.5 million), raising it from 5 per cent to 7 per cent. This means, that from March 22, buyers have been paying an extra GBP20,000 in stamp duty on every GBP1 million they spend ...

  9. Britain's Tories pledge tax cuts for first-time buyers

    Posted Apr 27th 2005, 12:00am by Richard Warren

    ... Richard Warren in London Threshold on stamp duty to be raised if Conservatives win the UK election Hong Kong buyers of British properties valued under GBP250,000 ($3.73 million) can save ... struggling to find affordable homes in an expensive housing market. Each of the three main parties is tempting first-time buyers with cuts in stamp duty on lower-priced homes. Investors, including ...

  10. Plan to scrap share-sales tax

    Posted Mar 14th 2012, 12:00am

    ... equities market. Hou Wailin, chief of the China Securities Regulatory Commission's (CSRC) Guangdong branch, said the mainland should phase out stamp duty on selling shares, at least ... stock buyers are exempt from paying stamp duty. If the tax is phased out, investors will save on share trading costs, but the impact would be minimal. 'The cancellation of the 0.1 per cent ...




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