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<Budget>HK $100 Property Stamp Duty Rate Threshold Loosened to $4M from $3M, Effective Immediately
To ease the burden on buyers of residential and non-residential properties at lower values, Financial Secretary Paul Chan announced that the maximum value of properties chargeable ...
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<Budget>HK $100 Property Stamp Duty Rate Threshold Loosened to $4M from $3M, Effective Immediately
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To ease the burden on buyers of residential and non-residential properties at lower values, Financial Secretary Paul Chan announced that the maximum value of properties chargeable to a stamp duty of $100 will be raised from $3 million to $4 million with immediate effect. This measure is expected to benefit about 15% of property transactions and reduce government revenue by about $400 million annually.

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