Posted by
Havefaith
17 yrs ago
Philip,
If you are buying a property for less than HK$2m, there is no stamp duty - so one less expense for you. I am not sure why IRD will be checking? what are your concerns even if they do? Lots of people in Hong Kong buy free of mortgage. I would probably suggest you get a mortgage and get a bigger place. There is not much you can get for HK$1.4 (taking into account of legal fees and renovations).
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