{"id":33390,"date":"2016-11-07T21:20:59","date_gmt":"2016-11-07T14:20:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-stamp-duty-leaves-a-gaping-loophole\/"},"modified":"2016-11-07T21:29:00","modified_gmt":"2016-11-07T14:29:00","slug":"hong-kongs-property-stamp-duty-leaves-a-gaping-loophole","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-stamp-duty-leaves-a-gaping-loophole\/","title":{"rendered":"Hong Kong\u2019s property stamp duty leaves a gaping loophole"},"content":{"rendered":"


\nHong Kong\u2019s government, which more than doubled a stamp duty over the weekend to tame runaway real estate prices, has left a gaping loophole in the tax regime, allowing first-time buyers of multiple properties to get away with not paying the levy.
\nThe tax ordinance collects stamp duty based on the total value of each instrument, or sales agreement, according to a statement by the Hong Kong Transport & Housing Bureau, in response to a query by the South China Morning Post.
\n\u201cFor a…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s property stamp duty leaves a gaping loophole<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s government, which more than doubled a stamp duty over the weekend to tame...<\/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-33390","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\/p75ss1-8Gy","jetpack-related-posts":[{"id":76678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/time-to-upgrade-as-hong-kongs-new-property-stamp-duty-rule-kicks-in\/","url_meta":{"origin":33390,"position":0},"title":"Time to upgrade as Hong Kong\u2019s new property stamp duty rule kicks in","date":"January 15, 2018","format":false,"excerpt":"\r Hong Kong\u2019s recently announced tax relaxation will attract more property buyers and encourage upgrades in the primary market, reviving sales in the ailing pre-owned residential sector, according to analysts. St Barths, the first residential project sale in 2018, sold out its 118 flats on the weekend, partly driven by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-new-stamp-duty-claims-its-biggest-payer-yet\/","url_meta":{"origin":33390,"position":1},"title":"Hong Kong\u2019s new stamp duty claims its biggest payer yet","date":"November 16, 2016","format":false,"excerpt":"\r Not the most expensive purchase though xtock\/Shutterstock.com A home buyer is due to\u00a0fork out millions in stamp duty for a recent purchase, the South China Morning Post reported. The Inland Revenue Department is set to charge 30 percent in stamp duties or HKD90.54 million (USD11.7 million) on the Nov.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51667,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cy-leung-seeks-to-plug-housing-loophole-with-stamp-duty-rise-for-multiple-flat-purchases\/","url_meta":{"origin":33390,"position":2},"title":"CY Leung seeks to plug housing loophole with stamp duty rise for multiple flat purchases","date":"April 11, 2017","format":false,"excerpt":"\r First-time Hong Kong homebuyers purchasing multiple flats in one go will now have to pay a 15 per cent stamp duty as the \u00adgovernment finally seeks to plug a legal loophole open to exploitation by speculators. The loophole was first reported by the Post last November, days after the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119347,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-small-businesses-welcome-scrapping-of-double-stamp-duty-on-commercial-property\/","url_meta":{"origin":33390,"position":3},"title":"Hong Kong\u2019s small businesses welcome scrapping of double stamp duty on commercial property","date":"November 25, 2020","format":false,"excerpt":"\r The scrapping of Hong Kong\u2019s double stamp duty for non-residential property has been welcomed by the city\u2019s small businesses.The move, announced by Chief Executive Carrie Lam Cheng Yuet-ngor during her policy address on Wednesday, will slash transaction costs for commercial real estate starting on Thursday.The scrapping is expected to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33745,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cheung-kong-offers-a-tax-salve-to-attract-buyers-back-to-hong-kongs-property-market\/","url_meta":{"origin":33390,"position":4},"title":"Cheung Kong offers a tax salve to attract buyers back to Hong Kong\u2019s property market","date":"November 10, 2016","format":false,"excerpt":"\r Cheung Kong Property Holdings has become the first among Hong Kong\u2019s developers to offer a salve to customers, a week after the government doubled the city\u2019s stamp duty to control runaway prices. For a month until December 15, Cheung Kong said it will foot the bill for buyer who\u2019re\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-weekend-property-sales-reach-4-month-high-after-stamp-duty-cuts\/","url_meta":{"origin":33390,"position":5},"title":"Hong Kong\u2019s weekend property sales reach 4-month high after stamp duty cuts","date":"March 1, 2025","format":false,"excerpt":"\r Henderson\u2019s Eight Southpark, Wang On\u2019s Coasto, and Kerry\u2019s Hava see strong sales following the recent reduction in stamp duties.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s weekend property sales reach 4-month high after stamp duty cuts","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\/33390"}],"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=33390"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/33390\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=33390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=33390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=33390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}