In order to prevent overheating of the property market in Hong Kong government decided to double the rate of the tax on the purchase of real estate worth more than 2 million Hong Kong dollars (about $ 257,800), according to the online edition of The National , with reference to Bloomberg News. Under the new legislation, the tax when buying real estate is more expensive HK $ 2 million increase from 4.25% to 8.5%. A real estate value of less than 2 million Hong Kong dollars will be taxed at the purchase of 1.5%. Over the past few years in Hong Kong, says the rapid growth of real estate prices, which is due to low mortgage rates and limited supply. So now the government is taking a series of measures to cool the real estate market is overheated Hong Kong. HomesOverseas.ru
The government of Hong Kong double tax on property
28.02.2013
Homesoverseas.ru editorial office
30
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