News Hong Kong Property & Finance

Property Tax

ORIGINAL POST
Posted by curiousgeorge1 17 yrs 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.

Please support our advertisers:
COMMENTS
ldavy 17 yrs ago
There is no property tax on property which is owner-occupied, and there's no Capital Gains Tax in Hong Kong.

Please support our advertisers:
evildeeds 17 yrs ago
Agreed, there is no tax on your primary residence.

Please support our advertisers:

< Back to main category



Login now

OTHER ASIAXPAT SITES:

Ad