Property News · May 12, 2018

As Hong Kong considers a tax on empty property, how do other places deal with unoccupied homes?


Hong Kong’s government is debating imposing a tax on vacant properties as a way of helping ease the city’s acute housing shortage. A number of locations worldwide have similar taxes.
Hong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam
Paris
Introduced in 1999, tax is levied on property in certain municipalities that has been unoccupied for more than 90 consecutive days. Owners of the property pay the tax, which is 12.5 per cent of the property…

Source : South China Morning Post
Read more…As Hong Kong considers a tax on empty property, how do other places deal with unoccupied homes?

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