Read the full judgment text of HCAL 49/2015 on BabelCite. This High Court CFI judgment was delivered on 18 February 2016.
1. Stamp duty is the oldest of the taxes administered by the Inland Revenue Department. It dates back to 1866 in the reign of Tongzhi. It is commonly thought of as a tax payable when you buy your home. But it is not actually a tax on such transactions. It is instead a tax on the instrument by which such transactions are effected. It covers not only transactions for the sale of immoveable property, but also transfers of shares and other instruments. It is a highly effective source of revenu
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