Monday, April 29, 2013

A bird in the hand may cost you a flock





I'm buying a Hong Kong residential property. Should I buy it in my own name or through a company and trust arrangement?


If you are a permanent resident with no other residential property and you buy in your own name, your stamp duty rates are half the new rates and you are exempt from the 15 per cent buyer's stamp duty announced last October. On a HK$10 million property purchase you save HK$1.875 million in stamp duty.









via Business feed http://www.scmp.com/business/money/expert-qa/article/1225509/bird-hand-may-cost-you-flock

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