Hong Kong’s small businesses welcome scrapping of double stamp duty on commercial property

//Hong Kong’s small businesses welcome scrapping of double stamp duty on commercial property

Hong Kong’s small businesses welcome scrapping of double stamp duty on commercial property

The scrapping of Hong Kong’s double stamp duty for non-residential property has been welcomed by the city’s small businesses.The move, announced by Chief Executive Carrie Lam Cheng Yuet-ngor during her policy address on Wednesday, will slash transaction costs for commercial real estate starting on Thursday.The scrapping is expected to help companies receive a fair price for their assets, as it will lower transaction costs. The move will effectively “lure buyers back to the market”, Simon Wong,…

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By | 2020-11-25T13:51:18+00:00 November 25th, 2020|Business|Comments Off on Hong Kong’s small businesses welcome scrapping of double stamp duty on commercial property