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Results 1 - 10 of 121 for stamp duty

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  1. Property - Hong Kong & China - REDEVELOPMENT

    New stamp duty may lead to fewer old buildings being redeveloped

    Posted Mar 04th 2014, 02:32pm by Yvonne Liu

    ... The imposition of extra stamp duties, which caused a 72 per cent drop last year in developers' purchases of old buildings for redevelopment, will continue to affect the sector this year, property ... the drop on the extra stamp duties. Although one of the measures was only approved by lawmakers last month, and other is awaiting their approval, both duties have been levied since they were ...

    http://www.scmp.com/property/hong-kong-china/article/1440058/new-stamp-duty-may-lead-fewer-old-buildings-being
  2. News - Hong Kong - PROPERTY

    Higher stamp duties approved by Legco 16 months after being imposed

    Posted Feb 23rd 2014, 05:11am by Tony Cheung

    ... rise finally approved Higher stamp duties to cool Hong Kong's property market finally became law yesterday amid a flurry of grandstanding in the Legislative Council. The duties, which have ... in the past 16 months. The measures have wide public support, but their approval was held up as lawmakers sought a legally binding say in future stamp duty decisions. In the end, just after 4.30pm, 23 ...

    http://www.scmp.com/news/hong-kong/article/1433559/higher-stamp-duties-approved-legco-16-months-after-being-imposed
  3. News - Hong Kong - PROPERTY

    Legco set to vote for year-old stamp duty rise

    Posted Feb 18th 2014, 05:11am by TANNA CHONG AND OLGA WONG

    ... Tanna Chong and Olga Wong Government's word looks like it will be enough regarding negative vetting of future measures Legco set to vote for year-old stamp duty rise Additional stamp ... legislators. At least 42 of the 70 lawmakers say they will support the government's Stamp Duty (Amendment) Bill when it is put to a Legislative Council vote. But some are calling for the vote ...

    http://www.scmp.com/news/hong-kong/article/1429836/legco-set-vote-year-old-stamp-duty-rise
  4. News - Hong Kong - PROPERTY

    Controversial property stamp duty bill moves one step closer to passage

    Posted Feb 20th 2014, 12:22pm by Amy Nip and Tanna Chong

    ... Amy Nip and Tanna Chong Buyer's stamp duty likely to become law within days, but will it encourage sellers to cut prices and boost sluggish sales of second-hand flats? Agents divided ... introduce the buyer's stamp duty. The bill is expected to pass a third reading within days. A third reading would write into the statute books the 15 per cent tax on home purchases ...

    http://www.scmp.com/news/hong-kong/article/1431681/controversial-stamp-duty-bill-moves-one-step-closer-passage
  5. News - Hong Kong - PROPERTY

    Changes to stamp duty adjustment system to incorporate different approaches

    Posted Feb 15th 2014, 03:46am by Tanna Chong

    ... duty adjustment mechanism The government has announced changes to its system of adjusting stamp duty levels, amid lawmakers' repeated attempts to limit its power to do so. Secretary for Transport and Housing Professor Anthony Cheung Bing-leung yesterday said the government would adopt different legislative approaches for adjusting the 15 per cent buyers' stamp duty, introduced ...

    http://www.scmp.com/news/hong-kong/article/1428020/changes-stamp-duty-adjustment-system-incorporate-different-approaches
  6. Comment - Insight & Opinion

    Drastic measures necessary to stabilise Hong Kong property market

    Posted Feb 17th 2014, 03:05am by Anthony Cheung

    ... of a massive bubble Right on target The Legislative Council will resume the second reading of the Stamp Duty (Amendment) Bill on Wednesday. The bill, if passed, will end the extended period of uncertainty in the market over the demand management measures introduced by the government in October 2012- namely, an enhanced special stamp duty to curb short-term speculation and a new buyer's ...

    http://www.scmp.com/comment/insight-opinion/article/1429032/drastic-measures-necessary-stabilise-hong-kong-property
  7. Comment - Insight & Opinion

    Government must back off to keep Hong Kong a truly free market

    Posted Feb 04th 2014, 11:14am by LAM PUN-LEE

    ... of mortgage rules and increased stamp duty on luxury premises prompted speculators to divert their investments to small and medium-sized homes, as well as commercial buildings. As a result, the prices ... Leung Chun-ying levied a buyer's stamp duty on non-permanent residents. He also imposed restrictions on milk formula purchases, and put a stop to mainland women giving birth here. ...

    http://www.scmp.com/comment/insight-opinion/article/1420519/government-must-back-keep-hong-kong-truly-free-market
  8. Property - Hong Kong & China - SALES

    Home sales rise as owners cut asking prices

    Posted Mar 04th 2014, 01:44pm by Peggy Sito

    ... contains two measures to address concerns about an inflated property market. It gave effect to a 15 per cent levy on non-permanent-resident and corporate buyers and an expansion of duties paid on quick resales of property. Lawmakers are now considering a bill to enforce a measure that doubles the buyer's stamp duty. The new rate ranges from 1.5 per cent to 8.5 per cent, depending ...

    http://www.scmp.com/property/hong-kong-china/article/1440024/home-sales-rise-owners-cut-asking-prices
  9. News - Hong Kong - HOUSING

    Cooling measures to stay amid risk of property bubble

    Posted Dec 02nd 2013, 02:00pm by NG KANG-CHUNG

    ... the introduction of the buyer’s 15 per cent stamp duty in October 2012. The number of their purchases averaged at a low level of 89 cases a month, or 1.9 per cent of total transactions, in the first 10 ...

    http://www.scmp.com/news/hong-kong/article/1370964/cooling-measures-stay-amid-risk-property-bubble
  10. News - Hong Kong - HOUSING

    Property cooling measures unfair to locals, Hong Kong lawmakers say

    Posted Sep 17th 2013, 12:00am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Lawmakers call on government to back down on new stamp duty rules and ask that residents to be exempt from corporate taxes Cooling measures 'unfair ... At the Stamp Duty (Amendment) Bill 2012 committee meeting yesterday, legislators urged the government to allow companies set up by Hong Kong permanent residents to be exempted from the new buyer's ...

    http://www.scmp.com/news/hong-kong/article/1311063/property-cooling-measures-unfair-locals-hong-kong-lawmakers-say

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