Hong Kong will cut taxes on home purchases and stock trades, part of efforts to revive its credentials as a financial hub and boost a struggling property market.
Hong Kong Chief Executive John Lee on Wednesday unveiled a raft of measures to turn around flagging property sales. These include halving home-purchase taxes and allowing homeowners to sell without paying extra tax after holding properties for two years, down from three years previously.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8