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  • November 26, 2014
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  1. Interest rates and stamp duty put pressure on developers

    Posted Apr 04th 2011, 12:00am

    ... Sandy Li Rising interest rates and penalty stamp duty rates aimed at cracking down on speculation could end last year's brisk growth in property sales and present Hong Kong developers ... rates and facing a retreat by speculators from the market after the government imposed extra stamp duties on the quick turnover of properties and removed property as a qualifying asset under ...

  2. Markets rally on mainland's stamp duty cut

    Posted Apr 25th 2008, 12:00am by Nick Westra

    ... in the stamp duty on share transactions, lifting A shares to near their intraday trading limit and taking the Hong Kong market along in the rally. The Shanghai Composite Index shot up 304.70 points, ... signalled Beijing's commitment to prop up the ailing mainland market. 'The lowering of the stamp duty is among the most aggressive steps the government could have taken to improve ...

  3. DAB seeks easing of rules on stock listings and cuts in stamp duty

    Posted Jan 03rd 2007, 12:00am by Klaudia Lee

    ... financial centre. The Democratic Alliance for the Betterment and Progress of Hong Kong also urged the government to cut stamp duty on share transactions, which stands at 0.1 per cent on each deal- ... jurisdictions are assessed on a case-by-case basis, a HKEx spokesman said. From January to October last year, the government received HK$12.7 billion from stamp duty on share trades. The DAB said ...

  4. 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 ...

  5. Cheung Kong loan deal cuts bottom line for buyers at Crystal Cove

    Posted Mar 02nd 2007, 12:00am by Sandy Li

    ... HK$2 million each benefitting buyers through a reduction in stamp duty. On Wednesday, Financial Secretary Henry Tang Ying-yen announced the reduction of stamp duty from 0.75 per cent ...

  6. 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 ...

  7. Lawyer suspicious about similarities in flat cases

    Posted Jul 07th 2010, 12:00am by Olga Wong, Paggie Leung

    ... that buyers of the cancelled transactions had applied for stamp duty to be deferred when they signed up to buy the flats in October last year. They could have waited until after the cancellations: both the Inland Revenue Department and the Taxation Institute of Hong Kong said buyers did not need to pay the stamp duty if the transactions were not completed. ...

  8. Behind HKEx's bombast, liquidity is draining away

    Posted Mar 01st 2012, 12:00am

    ... exchanges. HKEx comes in last. This dismal showing owes a great deal to Hong Kong's stamp duty on stock dealings, which is charged at 0.2 per cent for each transaction. That might not sound like ... to scrap its stamp duty. No doubt our officials will throw up their hands in horror at the suggestion, given that their transaction tax on stocks has provided almost 10 per cent ...

  9. Markets bounce back as Beijing comes under fire

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

    ... Lee Yuk-kei and Guo Aibing State-held media slam midnight raising of stamp duty Leading mainland stocks recovered yesterday in a rebound that masked continued losses in shares held ... and Shenzhen markets. Stocks plummeted on Wednesday after the government on Tuesday night tripled the stamp duty on share trading to 0.3 per cent from 0.1 per cent, less than a week after the Ministry ...

  10. Henderson Land expects home sales to top HK$10b

    Posted Feb 23rd 2007, 12:00am by Peggy Sito

    ... said he hoped the financial secretary would boost the market by cutting stamp duty by 0.5 percentage point for mass housing units and lifting the floor of property value that pays the minimum amount of duty. At present, stamp duty for property deals valued at HK$1 million or less is HK$100, the minimum payment. The rate will be increased to 0.75 per cent for deals worth between HK$1 ...




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