Hong Kong's Wen Wei Po News (Reporter Leung Yuk Cum) Senior Investor Law Kar Po's Shatin De yucca houses,after the implementation of primary residential sales at the end of April,still has not uploaded a new Broche yet,but the Land Registry show that 20 houses have been registered again,together with the exposure of the 1st house,all 21 houses of a total $1,947,300,000 HKD registration and have all leased
to the same company for a period of 3 years.Yucca new investment property manager Wong Hing Sun said yesterday,all 21 houses are internal transfers,partially exposed Limited is relevant parties,and the remaining Limited disclosure of information will come.Industry estimates,the transaction can "sell shell" with lease sales in order to avoid payment of additional forms of stamp duty in the future without any rules.
In fact,the government repeated moves made mansion trading almost frozen,De yucca has been announced in early October last year
sales deployment,but the project bid ahead,admission of $ 8.4 million,plus the government launched buyer stamp duty (BSD )at the end of October,luxury buyers are more hesitant,real estate has not been "broken egg."Developers decided sold for rent in March this year,first push the front 12 bungalows (excluding directors house),Useful area from 2,133 feet to 2,320 feet to $150,000 HKD entrance fee monthly gauge,solid sq.ft Rent from $70 HKD,challenge Territories ft bungalow rent new high However,the developer has not revealed this project lettings.
Acquired by different company,but leased by the same company
Land Registry data show that the newly "list" of 20 houses purchased by different companies,the amount of the registration of $7.25 million
HKD to 1.457 ten billion HKD,are leased to the same company BEECH SKY INVESTMENTS LIMITED,a term of 3 years,months Rent from the $84,000 to
$195,000 HKD. Check the information of BEECH SKY INVESTMENTS LIMITED,it belongs to overseas registered companies.Because this transaction and "shell" form similar,so it can avoid most of the properties to pay stamp duty.
"Sell shell" always a high risk of debt
According to government data,the property is transferred to a subsidiary on October 27 last year,and then two years after the transfer of equity interests in subsidiaries transferred to other non-associated legal person or persons still have to pay stamp duty,namely,the basic ad valorem stamp duty and 15% of BSD.If the subsidiary Direct sale of property within three years,is also subject to an additional stamp duty (SSD).If the sale were determined to hold stocks for three years or more,there still have benefits on "sell shell"form of sale.
Based on the government for non-local customers and investors to buy a second house,buyers stamp duty (BSD) and double stamp duty (DSD)which launched this year,it cause mainland buyers and luxury buyers turn through the "sell shell" (the company property trading equity transfer form)in order to avoide the taxes,the buyers have to buy by way of equity or property can avoid BSD.Theoretically,through the transfer of Limited holds property has its advantages,as long as the property is now worth over $2.0 million HKD or more,duty rate ranges from 1.5 to 4.25%;while through the transfer of property holding Limited,an indirect transfer of ownership of the property,then all stamp duty rate is only 0.2%.However,the transfer of properties owned by the company's approach has a great risk that at any time in order to avoid tax back a debt,not worth the candle.
As for the other new properties,Chinese Estates in Wan Chai Road No. 1 One Wan Chai uploaded a new sales brochure 19th last month,yesterday uploaded the new price list according to the new legislation,involving 18 partners,with an average price of $33,891 HKD practical feet,the developer continue to enjoy 60 days payment method (according to the price minus 5%),but also provides the 120 days payment method(according to the price minus 10%),Useful area from 457 feet to 1,363 feet,priced from $1.3758 billion to $6.2676 billion HKD,the developer haven't announced the sales arrangements yet.
According to first-hand residential property sales network shown,The Woodsville in Hung Shui Kiu and Bayview in Ma Tau Ko yesterday sold a partner each.
