The Traderszone Network

Published in TZ Latest News 5 November, 2016 by The TZ Newswire Staff

Hong Kong raises stamp duty on second home purchases to 15% — even for locals

Hong Kong authorities will nearly double the stamp duty taxes on resident purchases of second homes in a bid to slow dramatic price growth, Mansion Global reported. Starting Nov. 5, all buyers of second homes in Hong Kong will pay a 15 percent tax on individual and corporate purchases, Hong Kong’s chief executive Leung Chun-ying announced on Friday.

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