- Duty Payable Amount Or Value Of Consideration 1 2 000 000 2 000 001 2 351 760 2 351 761 3 000 000 3 000 001 1 (219.42 KiB) Viewed 72 times
a)Assume that David can get the maximum amount of mortgage
permitted under the current regulation to finance the purchase.
Estimate how much cash David would need to prepare to make this
acquisition, including various fees. Show all your computationsto
support your answers.
(16 marks)
b)Discuss at least THREE issues that the owner should consider when
living in a property mortgaged with a bank in HK.
(9 marks)
Duty Payable Amount or Value of Consideration $1 - $2,000,000 $2,000,001 - $2,351,760 $2,351,761 - $3,000,000 $3,000,001 - $3,290,320 $3,290,321 - $4,000,000 $4,000,001 - $4,428,570 $4,428,571 - $6,000,000 $6,000,001 - $6,720,000 $6,720,001 - $20,000,000 $20,000,001 - $21,739,120 $21,739,121 and above $100 $100+ [(consideration - $2,000,000) x 10%) Consideration x 1.5% $45,000+ [(consideration - $3,000,000) x 10%] Consideration x 2.25% $90,000+ [(consideration - $4,000,000) x 10%) Consideration x 3% $180,000+ [(consideration - $6,000,000) x 10%] Consideration x 3.75% $750,000+ [(consideration - $20,000,000) x 10% Consideration x 4.25%