Property News · April 9, 2019

Pay close attention to stamp duty when buying property in Hong Kong


I would like to share a case regarding stamp duty liability so as to remind both property agents and consumers of the importance of understanding the types and amount of stamp duty payable before entering into any provisional agreement for sale and purchase. An agent introduced an industrial property to a prospective buyer. When asked about the ad valorem stamp duty payable on the transaction, the salesman told her that she did not have to pay any stamp duty if she sub-sold the property as…

Source : South China Morning Post
Read more…Pay close attention to stamp duty when buying property in Hong Kong

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