Property News · March 20, 2018

Owner of Repulse Bay house set to pay Hong Kong’s highest annual property tax of US$83,000


The owner of a 25,000 square feet super deluxe house at 89 Repulse Bay Road will pay an annual government tax of about HK$655,500 (US$83,575) for the next financial year, the highest in Hong Kong, according to data released by the government.
The Rating and Valuation Department on Monday said the property could fetch about HK$13.11 million in annual rent or about HK$1.09 million per month.
The government charges 5 per cent as levy based on the estimated annual rent.
The owner Liang Liangsheng,…

Source : South China Morning Post
Read more…Owner of Repulse Bay house set to pay Hong Kong’s highest annual property tax of US,000

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