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 |  Subject: HK may raise duty to avoid property bubble  Mon Apr 26, 2010 4:03 pm | |
| Friday, April 23, 2010HK may raise duty to avoid property bubble HONG KONG: Hong Kong may hike a transaction tax on homes valued at or below HK$20 million (HK$100 = RM41.26) to avoid the possibility of an asset bubble. A spokesman for the city’s financial secretary John Tsang said the government was considering an increase in stamp duty similar to the one announced in February for homes over HK$20 million. The earlier measure, which raised stamp duty from 3.75 per cent to 4.25 per cent, came into effect at the start of April. By AFP | |
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