Property News · July 11, 2017

Hong Kong stamp duties hit HK$3b in June, highest in 7 months


Investments at home and from abroad for Hong Kong homes have showed no sign of slowing as the government’s revenue from extra stamp duty – aimed to cool the property market – rose to a seven-month high of HK$3 billion (US$384 million) in June, according to official data.
The Inland Revenue Department announced on Tuesday that income from buyers’ stamp duty (BSD) and double stamp duty (DSD) amounted to HK$2.98 billion last month.
Among them, tax revenue from DSD surged 37…

Source : South China Morning Post
Read more…Hong Kong stamp duties hit HKb in June, highest in 7 months

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