Property News · November 15, 2016

HK$90.54 million stamp duty likely to be paid on new luxury semi-detached in Happy Valley


A corporate buyer is likely to be asked to stump up the highest stamp duty on a residential property in Hong Kong since the levy was nearly doubled earlier this month, after splashing out HK$301.8 million on a new luxury semi-detached home in Happy Valley.
The buyer looks set to be charged a total of 30 per cent in stamp duties by the Inland Revenue Department, which works out at HK$90.54 million.
Hang Lung Properties said the 4,571 square-foot semi-detached house – number 25A, within a…

Source : South China Morning Post
Read more…HK.54 million stamp duty likely to be paid on new luxury semi-detached in Happy Valley

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