{"id":119327,"date":"2020-11-24T18:29:57","date_gmt":"2020-11-24T11:29:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-to-abolish-stamp-duty-on-commercial-property-in-move-designed-to-boost-small-firms-cash-flows\/"},"modified":"2020-11-24T19:02:59","modified_gmt":"2020-11-24T12:02:59","slug":"hong-kong-to-abolish-stamp-duty-on-commercial-property-in-move-designed-to-boost-small-firms-cash-flows","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-to-abolish-stamp-duty-on-commercial-property-in-move-designed-to-boost-small-firms-cash-flows\/","title":{"rendered":"Hong Kong to abolish stamp duty on commercial property in move designed to boost small firms\u2019 cash flows"},"content":{"rendered":"


\nThe Hong Kong government is expected to abolish the stamp duty for commercial property in a move seen as helping small and medium companies shore up their cash flows amid the city\u2019s worst economic crisis on record.According to sources familiar with the matter, the move could be announced soon. The stamp duty for residential property, however, would remain in place, they added.Introduced to tackle speculative practices in February 2013, the stamp duty \u2013 officially known as Ad Valorem Duty for\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong to abolish stamp duty on commercial property in move designed to boost small firms\u2019 cash flows<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong government is expected to abolish the stamp duty for commercial property in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-119327","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-v2D","jetpack-related-posts":[{"id":33494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investors-in-hong-kong-eye-the-commercial-market-to-avoid-increased-stamp-duty-on-homes\/","url_meta":{"origin":119327,"position":0},"title":"Investors in Hong Kong eye the commercial market to avoid increased stamp duty on homes","date":"November 8, 2016","format":false,"excerpt":"\r Investors in Hong Kong are accelerating the pace of their commercial property disposals, which have been unaffected by the recent adjustment in stamp duty to 15 per cent on deals for non first-time home buyers, as buying demand will shift away from the housing market. In less than a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109031,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-hong-kong-chinese-investors-delay-buying-london-property-and-wait-for-stamp-duty-cuts\/","url_meta":{"origin":119327,"position":1},"title":"Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?","date":"July 16, 2019","format":false,"excerpt":"\r A plan to cut stamp duty on home purchases in Britain may just be the boost needed by the slumping London property market, according to analysts.\r\rBoris Johnson, who is tipped to succeed British Prime Minister Theresa May this month, is considering a reduction in stamp duty for luxury residential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kailong-pays-us124-5-million-for-hong-kong-industrial-building-the-largest-deal-in-the-segment-since-august-2019-after-scrapping-of-double-stamp-duty\/","url_meta":{"origin":119327,"position":2},"title":"Kailong pays US$124.5 million for Hong Kong industrial building, the largest deal in the segment since August 2019, after scrapping of double stamp duty","date":"January 19, 2021","format":false,"excerpt":"\r Hong Kong-based real estate fund manager Kailong has bought an industrial property in Cheung Sha Wan for nearly HK$1 billion (US$124.5 million), the largest transaction in the segment since August, 2019.The purchase was motivated by the recent cancellation of the double stamp duty on commercial properties and the long-term\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-hong-kong-prices-wont-stop-rising-in-2017\/","url_meta":{"origin":119327,"position":3},"title":"Why Hong Kong prices won\u2019t stop rising in 2017","date":"January 11, 2017","format":false,"excerpt":"\r No worries, no (downward) pressure despite stamp duty The Central-Mid-Levels escalator and walkway system in Hong Kong is the longest outdoor covered escalator system in the world. Pelikh Alexey \/ Shutterstock.com Analysts do not expect home values in Hong Kong to stop rising this year, new stamp duties notwithstanding.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pay-close-attention-to-stamp-duty-when-buying-property-in-hong-kong\/","url_meta":{"origin":119327,"position":4},"title":"Pay close attention to stamp duty when buying property in Hong Kong","date":"April 9, 2019","format":false,"excerpt":"\r 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.\r\rAn agent introduced an industrial property to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-parking-space-transactions-rise-as-investors-capitalise-on-removal-of-double-stamp-duty\/","url_meta":{"origin":119327,"position":5},"title":"Hong Kong parking space transactions rise as investors capitalise on removal of double stamp duty","date":"December 22, 2020","format":false,"excerpt":"\r The sales of parking spaces in Hong Kong jumped about 37 per cent in the first 18 days of this month, as investors encouraged by the removal of the double stamp duty on non-residential property returned to the sector.About 410 parking spaces have changed hands in this period, rising\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119327"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=119327"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119327\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}