Tax alert - Issue 16, October 2012
On 26 October 2012, Hong Kong’s Financial Secretary launched a further round of measures aimed at stabilising the residential property market. The rate of Special Stamp Duty (SSD) is to be increased and the restriction period extended. A Buyer’s Stamp Duty (BSD) payable by buyers of Hong Kong residential property is also to be introduced. The BSD is not payable by Hong Kong Permanent Residents.
© 2021 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.