If the property price is expected to fall in due course, it will only be capital loss not capital gain. So I think it should not incur any tax. Better to do the certified valuation by third party before leaving HK.
Exactly. $500,000 would be considered capital gain. The tax will be calculated based on $500,000. I forgot the rate of the tax for capital gain, seems 30-40%.
jjg 發表於 16-4-6 00:22
Where to find the certified valuation? Or those online property valuation also work?
You may need to find a chartered surveyor to valuate your property. It's so trouble so I just sold my home as I am for sure I won't come back Hong Kong