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Tax Measures under the Hong Kong Budget 2024-2025

Posted on 22 March 2024

The Hong Kong Budget 2024-2025, announced by the Financial Secretary, introduces tax measures to strengthen the economy and boost consumer confidence. Notably, stamp duty measures for residential properties are cancelled, including Special Stamp Duty (SSD) and Buyer’s Stamp Duty (BSD). The Ad Valorem Stamp Duty (AVD) is reduced, resulting in consistent rates for all purchasers, regardless of their status or property type.

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