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  • November 29, 2014
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Results 1 - 10 of 35 for stamp duty

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  1. New year provides a strong start for home sales

    Posted Jan 05th 2011, 12:00am by Peggy Sito

    ... in stamp duty on homes resold within two years. The stamp duty was set as high as 15 per cent if a home was resold within six months. At the same time, the Monetary Authority reduced the amount ... Liat, regional property head of Samsung Securities (Asia), echoed this view. In his latest research report Lee said the special stamp duty was likely to reduce speculative demand and ensure ...

  2. Lai See

    Posted Nov 27th 2010, 12:00am by Howard Winn

    ... introduced special stamp duty was appropriate and timely, according to Eva Cheng (pictured), secretary for transport and housing, speaking on the radio. She said she hoped the new initiative would ... stamp duty would be 'unfair to those who have genuine needs to sell their properties within the specified period of time, and will cause additional hardship to those in financial ...

  3. Stamp duty increase prompts warning of 'collateral damage'

    Posted Nov 27th 2010, 12:00am by Yvonne Liu

    ... Tsang Yam-kuen said yesterday the new stamp duty was working. But Louis Loong Hon-biu, secretary general of the Real Estate Developers Association of Hong Kong (REDA), countered that genuine ... this week. The new rules impose an extra 15 per cent on stamp duty for flats bought and sold within six months, 10 per cent for those sold between six months and a year of purchase and 5 per cent ...

  4. More land, more tax may curb prices, experts say

    Posted Aug 19th 2010, 12:00am by Paggie Leung

    ... Paggie Leung The government should hold regular land sales and increase stamp duty or profits tax on speculators' gains, property experts say. They were speaking after land sales ... said increasing stamp duty would raise the cost of property speculation. Duty on flats selling for more than HK$12 million could be raised by half a percentage point, to 4.25 per cent, he said. ...

  5. Lawyer admits stealing from clients

    Posted Nov 23rd 2010, 12:00am by Austin Chiu

    ... and the stamp duty payment, which the firm had to pay to the Inland Revenue Department to register the properties in the names of Leung's companies. Leung later found out that Pang had not made the payments. As a result, he instructed another firm of solicitors to settle the stamp duty payments of HK$784,850 and HK$336,850 before their respective deadlines. In June 2005, Pang's firm ...

  6. HK in premium position

    Posted Feb 16th 2005, 12:00am by Richard Warren, Sandy Li

    ... Some freeholders offer leaseholds, whereby buyers can use the land as their own for decades or centuries, depending on the deal struck. Owners are required to pay land stamp duty tax and capital gains tax to the central governments. The British government raised GBP4.5 billion ($66.15 billion) in stamp duty in the 2003/2004 tax year. This compares with the total revenue from all ...

  7. Students' parents study UK home prices

    Posted Dec 03rd 2008, 12:00am by Richard Warren

    ... Buying property for children studying abroad may seem an investment but consider location and stamp duty. Reports by Richard Warren Every autumn about 9,000 Hong Kong teenagers board ... this unprofitable in expensive areas because of high costs. Stamp duty is charged at 1 per cent for properties sold from GBP175,001 to GBP250,000 and 3 per cent for homes sold from GBP50,001 to GBP500,000. ...

  8. Sales will slow while prices rise, agent says

    Posted Jan 06th 2011, 12:00am by Peggy Sito

    ... if the measures did not work. The government announced an increase in stamp duty on homes resold within two years and set the duty as high as 15 per cent for homes resold within six months. The Monetary ...

  9. Tax issues pose big obstacle in HK push into Islamic finance

    Posted Jun 10th 2008, 12:00am by Staff Reporter

    ... but profits are. Moreover, the way some Islamic bonds are structured could subject them to stamp duty. Both these government levies are likely to reduce the attractiveness of Islamic bonds. ... promises to lease the machines to the company and the company will buy back the machines at the end of the lease term. The process involves two asset transfers and will be subject to stamp duty ...

  10. Buyers still cautious as deals get even sweeter

    Posted Aug 06th 2003, 12:00am by Sandy Li

    ... developers have offered incentives ranging from the waiving of stamp duties and cash bonuses to 'giveaway decoration'. Citigroup Smith Barney said incentives or price cuts remained ... by developers that they were raising prices by between 3 per cent and 5 per cent last month were largely a marketing strategy to stimulate purchases, it said. Cheung Kong said it would pay stamp duty ...




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