Internal transfer ratio increased by two months to 12%
In order to save high stamp duty, the number of cases of self-made first-name status has been increased through internal transfer. According to a study by Q Fangwang in Hong Kong, the internal transfer ratio rose by two months to 12.2% in June. Month new high.
442 cases of internal transfer in June
In the first half of 2019, a total of 2,494 internal transfer cases were recorded in the first half of the year, which was more than 16% higher than the 2,142 cases in the second half of 2018. The ratio of overall second-hand transactions in the same period remained above 10%.
Chen Kunxing, managing director of Q Fangwang Hong Kong, pointed out that although the overall second-hand trading volume has shrunk significantly last month, the internal transfer ratio has continued to rise, reflecting that many owners are still optimistic about the market outlook and will be forced to purchase and purchase residential properties.
“Anonymous" first house, provincial tax
Q Fangwang will have at least one name for both buyers and sellers, which will be classified as an internal transfer case. In total, 442 cases were transferred within June. Among them, about 110 “anonymous" owners have re-entered the market to purchase residential properties. The single tax savings are up to $10 million.
Some owners have transferred the Tai Po Beverly Hills Villa to an internal transfer of $38 million. On the same day, they purchased the Taihu Hongshan Peninsula with a value of about 100 million yuan on the same day, deducting the stamp duty of 7.125 million from the internal transfer. After that, it still saved the ad valorem stamp duty by more than 10.2 million yuan.