Lawyers say scheme to dodge flats tax won't work

A developer's scheme to sell flats in the form of shares to help buyers escape stamp duty on property purchases will not work, tax experts say.

The government recently announced that non-residents and buyers who use company names to buy flats will have to pay a stamp duty of 15 per cent of the purchase price of the flats.

via Business feed http://www.scmp.com/business/companies/article/1075133/lawyers-say-scheme-dodge-flats-tax-wont-work