Source:
https://scmp.com/news/hong-kong/article/1427216/stamp-duty-should-extend-commercial-properties-accounting-firm
Hong Kong

Stamp duty should extend to commercial properties, accounting firm suggests

Ernst & Young says the special stamp duty is a powerful tool to curb property speculation. Photo: Nora Tam

The government should stop charging companies stamp duty when they buy offices for their own use and instead tax only speculators who resell commercial property quickly, accountancy giant Ernst & Young said yesterday.

The firm's suggestions for this month's budget also include a 75 per cent salary-tax discount, capped at HK$10,000 per taxpayer, and expanding the income bands at which progressively higher rates of salaries tax kick in, from HK$40,000 to HK$48,000.