Property Tax

Posted by curiousgeorge1 (227 days ago)

I am thinking of selling my apartment which has been used for the entire period of my ownership as my sole residential property. I have had some information from an estate agent that I will be liable to 15% properties tax on any profit I make on this sale. Having looked at the Inland Revenue site the only reference I can find on properties tax relates to properties which have received rental income which mine clearly has not. I believed that there was no Capital Gains Tax on primary residence sales in Hong Kong, rather like the UK, am I wrong? Any help would be greatly appreciated.

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Posted by ldavy (223 days ago)

There is no property tax on property which is owner-occupied, and there's no Capital Gains Tax in Hong Kong.

Posted by evildeeds (223 days ago)

Agreed, there is no tax on your primary residence.