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Examination of Estimates of Expenditure 2019-20 Reply Serial No

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Examination of Estimates of Expenditure 2019-20 Reply Serial No Examination of Estimates of Expenditure 2019-20 Reply Serial No. FSTB(Tsy)023 CONTROLLING OFFICER’S REPLY (Question Serial No. 2944 ) Head: (76) Inland Revenue Department Subhead (No. & title): ( ) Programme: (1) Assessing Functions Controlling Officer: Commissioner of Inland Revenue (WONG Kuen Fai) Director of Bureau: Secretary for Financial Services and the Treasury Question: Regarding the properties acquired by the organs of the Central People’s Government (CPG) in Hong Kong (including their subsidiaries and public officers) to which the Financial Services and the Treasury Bureau (FSTB) has granted the remission of stamp duty, please set out in the table below the respective numbers and geographical distribution of such properties from 2014 to 2019. 2015 District Number of the properties acquired by the Amount of tax organs of the CPG in Hong Kong remitted (including their subsidiaries and public officers) to which the FSTB has granted the remission of stamp duty Central & Western District Eastern District Southern District Wan Chai District Kowloon City District Kwun Tong District Sham Shui Po District Yau Tsim Mong District Wong Tai Sin District Islands District Kwai Tsing District North District Sai Kung District Sha Tin District Tai Po District Tsuen Wan District Tuen Mun District Yuen Long District 2016 District Number of the properties acquired by the Amount of tax organs of the CPG in Hong Kong remitted (including their subsidiaries and public officers) to which the FSTB has granted the remission of stamp duty Central & Western District Eastern District Southern District Wan Chai District Kowloon City District Kwun Tong District Sham Shui Po District Yau Tsim Mong District Wong Tai Sin District Islands District Kwai Tsing District North District Sai Kung District Sha Tin District Tai Po District Tsuen Wan District Tuen Mun District Yuen Long District 2017 District Number of the properties acquired by the Amount of tax organs of the CPG in Hong Kong remitted (including their subsidiaries and public officers) to which the FSTB has granted the remission of stamp duty Central & Western District Eastern District Southern District Wan Chai District Kowloon City District Kwun Tong District Sham Shui Po District Yau Tsim Mong District Wong Tai Sin District Islands District Kwai Tsing District North District Sai Kung District Sha Tin District Tai Po District Tsuen Wan District Tuen Mun District Yuen Long District 2018 District Number of the properties acquired by the Amount of tax organs of the CPG in Hong Kong remitted (including their subsidiaries and public officers) to which the FSTB has granted the remission of stamp duty Central & Western District Eastern District Southern District Wan Chai District Kowloon City District Kwun Tong District Sham Shui Po District Yau Tsim Mong District Wong Tai Sin District Islands District Kwai Tsing District North District Sai Kung District Sha Tin District Tai Po District Tsuen Wan District Tuen Mun District Yuen Long District 2019 District Number of the properties acquired by the Amount of tax organs of the CPG in Hong Kong remitted (including their subsidiaries and public officers) to which the FSTB has granted the remission of stamp duty Central & Western District Eastern District Southern District Wan Chai District Kowloon City District Kwun Tong District Sham Shui Po District Yau Tsim Mong District Wong Tai Sin District Islands District Kwai Tsing District North District Sai Kung District Sha Tin District Tai Po District Tsuen Wan District Tuen Mun District Yuen Long District Asked by: Hon CHAN Tanya (LegCo internal reference no.: 34) Reply: Information of stamp duty remission accorded to the Central People’s Government’s (CPG) organs in Hong Kong or their subsidiary companies in respect of local properties they acquired between the financial years 2014-15 and 2018-19 is tabulated as follows: Financial Organizations Stamp duty No. of District Year involved immovable ($ million) properties involved 2014-15 The Liaison Office of 52.3 6 5 the CPG in the Hong (Kwun Tong) Kong Special 1 Administrative Region (Central and Western) 2015-16 Ministry of Commerce 3.6 8 3 of the People’s Republic (Southern) of China 5 (Eastern) Subsidiary company of a 15.6 15 5 CPG’s organ in Hong (Central and Kong Western) 10 (Sha Tin) 2016-17 Subsidiary company of a 8.4 8 6 CPG’s organ in Hong (Central and Kong Western) 2 (Kowloon City) 2017-18 - 0 0 0 2018-19* Subsidiary company of a 47.9 25 23 CPG’s organ in Hong (Central and Kong Western) 2 (Sha Tin) * As at 28 February 2019 - End - .
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