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  1. 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 ...

  2. Comment on stamp duty rise 'a mistake'

    Posted Jun 07th 2007, 12:00am by Staff Reporter

    ... Guo Aibing in Tianjin Some government officials may have made a mistake by commenting on the stamp duty rise before the release of the new policy, a senior mainland central banker suggested yesterday. The Ministry of Finance last week tripled the stamp duty on stock transactions in a move to curb the market rally. That came just a few days after another official denied ...

  3. Chatroom backlash

    Posted Jun 01st 2007, 12:00am by Staff Reporter

    ... Selected comments on Wednesday's stamp duty increase- How would the Chinese government feel if the International Olympic Committee cancelled Beijing's right to host the 2008 Games? That's how I felt when the stamp duty was increased- They robbed us with force because they cannot live with the fact the people are getting rich- No matter what those foreigners say, ...

  4. Budget surplus tipped to be record HK$100b

    Posted Jan 18th 2008, 12:00am by Dennis Eng

    ... said the administration believed in returning wealth to the community, through tax rebates and government spending. Much of the increased wealth has been generated by stamp duties collected ... and lower the top marginal tax rate to 16 per cent from 17 per cent. Partner Guy Ellis said companies might also enjoy a similar rebate, while rates could be waived for the whole of 2008/09. Stamp ...

  5. Government records four-month surplus

    Posted Sep 01st 2007, 12:00am by Dennis Eng

    ... Government expenditure can be volatile and revenue tends to be realised in December and March. A major source of revenue is stamp duty levied on stock and property transactions. The value of stock market transactions reached more than HK$4 trillion during the first four months of the fiscal year, yielding stamp duty of about HK$8 billion. That is roughly double the amount during the same ...

  6. Duty left undone

    Posted Aug 17th 2006, 12:00am by Frank Ching

    ... day? This is an obligation of the government's- as much a duty as implementing Article 23 legislation. Why isn't the administration living up to its obligation? Since 1997, ... Council was little more than a rubber stamp. Sad to say, there are members of this august body who do not seem to mind being a rubber stamp. After all, if certain legislators absent themselves ...

  7. Budget surplus predicted to reach HK$60b

    Posted Jan 25th 2011, 12:00am by Peter So

    ... Peter So An accountancy firm estimated the government's budget surplus for the financial year would reach HK$60 billion. Tim Lui Tim-leung, a PricewaterhouseCoopers tax partner, said there would be a HK$85 billion difference from the government's original estimate due to higher than expected revenues from land sales and stamp duty. He said government reserves would ...

  8. Room for more tax cuts as coffers swell

    Posted Oct 29th 2007, 12:00am by Dennis Eng

    ... to HK$60 billion. In the first half of 2007-08, the value of stock market transactions exceeded HK$10 trillion, according to Hong Kong Exchanges and Clearing data. This yielded stamp duty revenue of about HK$20 billion, almost triple that of a year ago, when turnover was just over HK$3.71 trillion and stamp duty was about HK$7.43 billion. Turnover for this month has already reached HK$2.95 ...

  9. Surplus will be at least $10 billion, say experts

    Posted Feb 24th 2006, 12:00am by Dennis Eng

    ... Dennis Eng Higher-than-expected income from land premiums and stamp duty could inflate the government's budget surplus to at least $10 billion when the final results ... forecast assumed the government received no more revenue from charging land premiums between January and March this year, which was unlikely. He also stressed that stamp duty should come in better ...

  10. Row over Cheung Kong chief's tax blog escalates

    Posted Apr 30th 2011, 12:00am

    ... dates back to November, when the government announced new measures to curb speculative home-buying. It said sales of homes within two years of their purchase would incur additional stamp duty of up to 15 per cent of the sale price, on top of normal stamp duty, which is capped at 4.25 per cent. The measure took effect on November 20, a day after the announcement. Hours after ...




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