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The taxman has won a court order forbidding Tony Chan Chun-chuen, the debt-ridden fung shui master and former boyfriend of one of the world's richest women, from selling the site of his former home on The Peak.
According to a source familiar with the case, the Inland Revenue Department was granted the injunction by a Court of First Instance judge in chambers last week, preventing Chan from proceeding with the sale said to be worth HK$380 million.
Chan faces claims of HK$330 million in unpaid taxes from the Inland Revenue Department. He also owes the Chinachem Charitable Foundation about HK$100 million in legal costs arising from his failed challenge for late businesswoman Nina Wang Kung Yu-sum's multibillion-dollar estate.
The foundation planned to ask the taxman to let Chan, under the injunction, complete the sale of the site and then have the proceeds frozen, the source said.
In September, Chan filed with the Land Registry a provisional agreement for the sale of the 1,435 square metre site at 17 Bowen Road, where the house had been pulled down.
Tax authorities took action before the deal was due to be completed on Wednesday.
The source said if the foundation could not reach a deal with Inland Revenue, it would make an application with the High Court. In the worst-case scenario, the foundation could lodge a bankruptcy petition against Chan to make him pay the legal bill, he said.
Meanwhile, Wang's elderly mother has become a respondent in a lawsuit that will decide who will inherit Wang's fortune.
The secretary for justice in May applied to add Wang's mother to the case, saying she would have a legal interest in the estate if a court decided Wang's will had no legal standing.
Wang, head of property developer Chinachem, was once Asia's richest woman. She died of cancer in April 2007 at age 69.
The foundation claims it is a beneficiary under a 2002 will by Wang. Chan tried to claim that he was the genuine inheritor under a 2006 will, but the court ruled that document to be a fake.
Now in question is the validity of the 2002 will. If it is not, since Nina Wang had no children and her husband Teddy Wang Teh-huei was declared legally dead in 1999 after he went missing in 1990, the wealth will pass to her mother.
The case is due back in court on December 17 when Court of First Instance judge Mr Justice Jeremy Poon Shiu-chor will decide how the 2002 will should be interpreted and whether it is legally valid.


Taxman stops Nina Wang's boyfriend Tony Chan selling Peak property

A second Nina Wang will is in question. Photo: SCMP 

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Hong Kong