TNAG-1725-FCO40-2438-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 107

Appendix F(4)(cont'd)

(iii) EXAMPLES OF THE EFFECT THE PROPOSED NEW RATES

WILL HAVE ON STAMP DUTY PAYABLE AT VARIOUS

LEVELS OF PROPERTY CONSIDERATION

Existing

Proposed

Consideratio

($)

duty payable

($)

duty payable

($)

Duty saved

($)

250,000

20

252,000

2,020

22020

NIL

1,800

(89%)

255,000

2,550

520

2,030 (80%)

260,000

2,600

1,020

1,580

(61%)

300,000

3,000

2,250

750

(25%)

500,000

5,000

3,750

1,250

(25%)

510,000

14,025

4,750

9,275

(66%).

520,000

14,300

5,750

8,550 (60%)

550,000

15,125

8,250

6,875

(45%)

600,000

16,500

9,000

7,500 (45%)

¿,000,000

27,500

15,000

12,500 (45%)

,050,000

28,875

20,000

8,875 (31%)

1,100,000

30,250

22,000

8,250 (27%)

1,500,000

41,250

30,000

11,250 (27%)

1,600,000

44,000

40,000

4,000

(9%)

1,650,000

45,375

45,000

375

( 1%)

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