Posted inHong Kong

HK$9.4bn tax revenue lost as residential property buyers dodge stamp duty via ‘share transfer’ – study

Property buyers have been exploiting a tax loophole that has cost the government at least HK$9.4 billion since 2010, according to a study published on Tuesday. The report by the Liber Research Community found 126 cases where residential property was purchased via “share transfer,” where the normal tax for property transfers – a stamp duty […]