State Administration of Taxation this week to push non – residential regulatory notice

In recent years, the issue of “market” sales has aroused concern. The Secretary for Transport and Housing, Mr Chan Fan, said the Bureau will introduce a new circular this week to strengthen the regulation of non-residential transactions and leasing arrangements. It is considered that there is no need for an organization to be in charge of regulation.

Members of the Legislative Council are concerned about the regulation of commercial property sales. Chen Fan made a written reply when the URA plans to issue a new circular in July to provide guidance on appropriate practices in dealing with important matters relating to the sale or lease of non-residential properties. Effective in October.

At the same time, Mr CHAN also pointed out that the commercial sector involved in the pre-sale scheme under the Lands Department’s pre-sale consents should be provided in the form of uncompleted flats, and the documents should be provided in accordance with the provisions. , No need to designate a body to carry out regulatory work.