[Novice Teaching]Know more about company transfer | Hong Kong 香港



Many people will buy property by way of company transfer to save tax, but how does it actually work? What are the risks involved? I will dismantle it with everyone this time. What is a company transfer? A company transfer is a property transaction in the form of a transfer of company equity. The property is held in the name of the company, and the buyer buys the company’s shares to obtain the ownership of the related property. Since the owner of the relevant property has not changed and is still the same company, there is no need to pay up to 15% buyer stamp duty and 15% ad valorem stamp duty. Buyers and sellers only have to pay 0.2% stock transfer stamp duty, for example , Company A holds a residential property, and Chen Sheng holds shares in the company, that is, Chen Sheng indirectly holds the property; Mr. Huang buys Mr. Chen’s shares in Company A, then, nominally the residential property The owner is still Company A, but the person who actually controls the residence has changed from Mr. Chen to Mr. Huang. In other words, Mr. Huang bought the residential property indirectly by buying the shares of Company A. Do you need “due diligence” for company trading? Saving a lot of tax through company transfer, but it involves certain risks. Buying a company represents the buyer and becomes a new shareholder. If the company is involved in any debts or litigation, the buyer needs to be held responsible. Generally, in order to avoid taking risks, buyers need to hire a lawyer to conduct “due diligence” for the company to check the company’s operations and financial status, whether it is involved in bad litigation and illegal activities, etc. The property price has risen. “Due diligence” may take several months. During this period, if the listing of the property goes up, the seller may have the idea of ​​stopping the transaction, and the delay in refusing to provide past accounting accounts slows down the due diligence, leading to the failure of the transaction. Want to buy a house with Full Pay? If the company still has a mortgage, it cannot be sold in the form of a share transfer, and the seller needs to repay all mortgage debts first. Before the transfer of shares, the bank will not provide mortgages for the purchasers of the company. Buyers need Full Pay to buy the property, and the deed can be re-mortgaged after the transaction is completed. All in all, buying a property in the form of transferring company shares can greatly save stamp duty, but at least six digits of attorney fees and audit fees must be paid. In addition, it cannot be mortgaged, so it is only suitable for buyers with ample cash. 📌 If you have any questions about the property market or mortgage, please leave a message below or inquire with our online customer service: 👉 HongKongFloorPlans “#美联Confidence Index”: 👉Download the new upgraded version#美联17 search criteria 🔍 newly added #Map搵楼# MTR step search 🚇搵楼 in one step! #Real Estate Competition⚖️ to help you choose a Fit plate! #首创代理带睇楼, Internet celebrity agent self-portraits 📹 Login and enjoy# Personalized information and seamless cross-platform experience! ⚡ ▄▄▄▄▄▄▄⭐️ Featured videos⭐️ ▄▄▄▄▄▄▄▄ 📺【#新手教】Silver master plate enters the market 5 big tips📺【#新手教】Buy “No Deed House”, “Broken Deeds” Notice for the building”📺【#新手教】I should pay attention to the terms of the lease when signing a lease? 📺[#新手教]See all purchase expenses other than the first phase in one go! Go to the official website of ” HongKongFloorPlans”: Subscribe to ” HongKongFloorPlans” YouTube channel: Like ” HongKongFloorPlans” Facebook page: Follow ” HongKongFloorPlans” Instagram account: follow public account :Meilian_hk ( HongKongFloorPlans Hong Kong)

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[Recommended by Agent Kevin]High-rise Unit B, Tower 01, San Tuen Mun Center | Hong Kong 香港

Summarize in english this content to 100 words KOL brings property viewing – Kevin Lung (S-602597) Property promotion: 🏠Unit B, high-rise building, Tower 01, New Tuen Mun Center (Property number: M300921608) Property address: No. 55-65, Lung Mun Road, Tuen Mun. Practical area: 462 feet. Spacing: 2 Unit facilities/features: Pet Paradise Property facilities: swimming pool, children's […]