Hong Kong imposes property tax on nonlocal buyers
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Hong Kong imposes property tax on nonlocal buyers

Hong Kong : China | Oct 28, 2012 at 7:38 AM PDT
Source: The Daily Herald
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Nonlocal and corporate buyers will have to pay a 15 percent tax upon purchase, Financial Secretary John Tsang told reporters at a news conference yesterday. The government also raised a resale tax on property by about 5 percentage points and extended the period during which it will apply to... FULL ARTICLE AT The Daily Herald
 
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