Oman Adds Tax-Exempt REITs To Offering

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, March 6, 2018

Oman's Capital Market Authority, which regulates the sultanate's financial markets, has issued a decree providing an exemption for newly permitted real estate investment funds. Read Full Story

Hong Kong Welcomes Stamp Duty Hike Success

by Mary Swire, Tax-News.com, Hong Kong

Thursday, February 9, 2017

Hong Kong's Secretary for Transport and Housing, Anthony Cheung Bing-leung, has said "there have been signs of cooling off in the residential property market" after the introduction of the further stamp duty increase on November 4, 2016. Read Full Story

Stamp Duty Hike Cooled Hong Kong Property Market

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, January 18, 2017

At a media session on January 16, Hong Kong's Secretary for Financial Services and the Treasury, K C Chan, said that the further stamp duty increase introduced in November last year has achieved its objective of cooling the city's property market. Read Full Story

SARS Guides On Urban Development Tax Incentive

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, November 29, 2016

The South African Revenue Service has published a revised tax guide that provides a general explanation of the application and interpretation of the provisions within the Government's urban development zone tax incentive regime. Read Full Story

Hong Kong Announces Further Stamp Duty Hike

by Mary Swire, Tax-News.com, Hong Kong

Monday, November 7, 2016

The Hong Kong Government has introduced a further stamp duty increase to cool the housing market. Read Full Story

Overseas Buyers Behind Three Percent Of NZ Property Transactions

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, August 3, 2016

Between April 1 and June 30, 2016, three percent of those purchasing New Zealand property indicated that they were tax resident overseas. Read Full Story

South Korea Proposes Tax Measures To Boost Investment

by Mary Swire, Tax-News.com, Hong Kong

Friday, July 29, 2016

The South Korean Ministry of Strategy and Finance has issued details of the tax measures it plans to introduce from January 2017, subject to parliamentary approval, to encourage investment in growth industries. Read Full Story

UK To Close Property Developer Offshore Tax Loophole

by Jason Gorringe, Tax-News.com, London

Wednesday, June 1, 2016

The United Kingdom has legislated to stop property developers from using offshore structures in the Crown Dependencies to avoid UK tax on profits. Read Full Story

SARS Issues Draft Interpretation Note On REITS

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, May 16, 2016

The South African Revenue Service has issued a draft interpretation note providing guidance on Section 25BB of South Africa's Income Tax Act, which deals with the taxation of real estate investment trusts. Read Full Story

UK SDLT Changes To Depress Housing Market Activity

by Jason Gorringe, Tax-News.com, London

Thursday, March 10, 2016

UK property sector activity will slow for three months after a surge in purchases ahead of stamp duty land tax rises scheduled for April, says a survey from the Royal Institute of Chartered Surveyors. Read Full Story

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