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  • August 22, 2014
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  1. News - Hong Kong - PROPERTY

    Stamp duty expected to hit second-hand homes hardest

    Posted Feb 24th 2014, 04:45am by Sandy Li

    ... Sandy Li sandy.li@scmp.com SHKP chairman says developers have already slashed prices on flats in new developments Stamp duty expected to hit second-hand homes hardest The city's second-largest property developer, Sun Hung Kai Properties, believes higher stamp duties that became law at the weekend will hit the secondary residential market hardest, despite developers slashing ...

  2. 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 ...

  3. News - Hong Kong - POLITICS

    Legco stamp-duty vote to go ahead as lawmakers reject motion to delay poll

    Posted Feb 19th 2014, 07:10pm by Tanna Chong

    ... Tanna Chong tanna.chong@scmp.com No delay on Legco stamp-duty vote Lawmakers yesterday rejected a motion to postpone voting on a controversial measure introduced in 2012 to cool the red-hot property market. Accounting sector legislator Kenneth Leung said debate on the Stamp Duty (Amendment) Bill should be adjourned to give lawmakers more time to discuss how the 15 per cent ...

  4. Property - Hong Kong & China - Tax

    Government to keep its control over stamp duty

    Posted Feb 17th 2014, 04:54am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Government to keep its control over stamp duty The government says it intends to keep a system that allows it to make changes to the homebuyers' stamp duty without the scrutiny of lawmakers, despite calls to rein in its power. A 15 per cent stamp duty was introduced in 2012 on home purchases by corporations or by individuals who are not permanent ...

  5. News - Hong Kong - BUDGET

    Stamp duty should extend to commercial properties, accounting firm suggests

    Posted Feb 13th 2014, 07:30pm by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Accounting firm urges rethink on stamp duty The government should stop charging companies stamp duty when they buy offices for their own use and instead ... The government doubled stamp duty on non-residential property sales a year ago this month, taking the rate to between 1.5 and 8.5 per cent of the price as part of a package of measures to cool ...

  6. News - Hong Kong

    New plan to limit stamp duty changes

    Posted Feb 13th 2014, 03:49am by Tanna Chong, JEFFIE LAM

    ... Tanna Chong and Jeffie Lam New plan to limit stamp duty changes A lawmaker has put forward a new proposal to limit the government's power to adjust levels of stamp duty. Martin Liao Cheung-kong of the commercial (second) sector, wants to build a rebate mechanism into the duty, imposed on companies buying flats. Under Liao's proposal, any changes to stamp duty levels ...

  7. News - Hong Kong - POLITICS

    Bid to limit Hong Kong government's power over stamp duty heads for defeat

    Posted Feb 12th 2014, 03:47am by Stuart Lau

    ... Stuart Lau stuart.lau@scmp.com Bid to put checks on stamp duty powers set to fail A Democratic Party lawmaker's attempt to limit the government's power to adjust a tax introduced ... permission before it increases, reduces or scraps the 15 per cent buyer's stamp duty imposed on purchases of homes by corporations or by individuals who are not permanent residents. ...

  8. Business - Money - TRADING

    Stockbrokers to lobby for lower stamp duties

    Posted Jan 13th 2014, 01:02am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Industry body says cut in transaction fee will benefit market players and boost turnover Stockbrokers to lobby for lower stamp duties Stockbrokers plan to lobby the government to reduce the stamp duty on stock transactions to help boost market turnover. "Cutting stamp duty would benefit investors and stockbrokers," said Jeffery Chan ...

  9. Comment - Insight & Opinion

    Time to fix glaring loophole in Hong Kong's property stamp duty

    Posted Dec 13th 2013, 03:09am by STAFF

    ... SCMP Editorial Fix stamp duty's glaring loophole A loophole in the new stamp duty has created the impression that it's one rule for the rich and another for the rest of us. As one of its cooling measures to calm the red-hot property market, the government has introduced a bill which enables the doubling of the stamp duty of flat sales worth more than HK$2 million ...

  10. 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 ...




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