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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
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
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
The Hong Kong Government has introduced a further stamp duty increase to cool the housing market. Read Full Story
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
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
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
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 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
Australians under the age of 30 receive only 6.4 percent of the combined tax concessions on superannuation, the capital gains tax discount, and negative gearing, according to Ben Oquist, Executive Director of The Australia Institute. Read Full Story
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