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SSD increased m-o-m in June

The total amount paid for the Special Stamp Duty (SSD) in the month of June was MOP2.77 million (US$344,774), skyrocketing from the MOP227,251 collected in May, the city’s latest Financial Services Bureau (DSF)’s data shows. The amount covered SSD collected from residential, commercial, office and car parking units. Of the total amount collected, MOP2.67 million […]

The total amount paid for the Special Stamp Duty (SSD) in the month of June was MOP2.77 million (US$344,774), skyrocketing from the MOP227,251 collected in May, the city’s latest Financial Services Bureau (DSF)’s data shows.
The amount covered SSD collected from residential, commercial, office and car parking units.
Of the total amount collected, MOP2.67 million was tax received from four residential properties and MOP99,910 was from one parking lot unit.
Meanwhile, for the additional 10 per cent stamp duty imposed on residential properties purchased by non-residents and companies, the DSF data shows that a total of MOP35.02 million was collected in the month of June, relating to 34 residential units.
The amount in June demonstrated a drop of 38.4 per cent when compared to the MOP56.84 million recorded in May, in which 48 units were sold.
In total, transactions involving 1,129 units required paying the extra 10 per cent additional stamp duty since the regulation was imposed in 2012, amounting to some MOP764.66 million.

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